Deutsche Bank Decreases PT From $12.00 To $11.00 And EPS From $0.46 To $0.44 On NetSpend (NTSP)

In a recent report, Deutsche Bank has decreased the price target from $12.00 to $11.00, decreased the EPS from $0.46 to $0.44 and maintained a hold rating on on NetSpend (NASDAQ: NTSP) after the company missed Deutsche Bank's EPS expectations in 3rd earnings report since IPO.

In the report, Deutsche Bank said, they "Reiterate Hold after NTSP missed our/Street's EPS expectation in 3rd earnings report since IPO and lowered EBITDA/EPS guidance after signing strategic investment in a new marketing/distribution program."

NetSpend closed yesterday at $10.71.