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Fly News Breaks for November 4, 2016
ACIW
Nov 4, 2016 | 09:47 EDT
As previously reported, Stephens analyst Brett Huff upgraded ACI Worldwide to Overweight from Equal Weight saying that the overdone renewal worry risk seems built into stock and that he thinks deal delays are partially clients determining if they are ready to do consolidation-of-switches work, buy UP, and get better unit pricing on higher volume commitments or not ready to consolidate, choose non-UP renewal. Further, the analyst believes Q3 deals that slipped could close in Q4 or in the first half of 2017, and mean better revenue growth then. He lowered his price target on the shares to $19 from $23.
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