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Green Dot upgraded at Northland after strategic alternatives announcement

As previously reported, Northland analyst Mike Grondahl upgraded Green Dot (GDOT) to Outperform from Market Perform with a $12 price target after the company appointed William Jacobs as interim CEO and announced that its board of directors has engaged Citi to initiate a process to explore potential strategic alternatives. The firm views the exploration of strategic alternatives as a positive, the analyst tells investors.

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