By: Benzinga
UPDATE: BTIG Initiates Green Dot Corporation at Buy on Valuation, Cash Position
BTIG initiated coverage on Green Dot Corporation (NYSE: GDOT ) with a Buy rating and a $19.00 price target. BTIG noted, "We are initiating coverage of GDOT with a BUY recommendation and a price target of $19 based on 12x our 2013E adjusted EPS of $1.20 plus $4.31 per share
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