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Fly News Breaks for August 31, 2017
ACIW
Aug 31, 2017 | 09:41 EDT
Raymond James analyst Wayne Johnson earlier today in a research note said he views ACI Worldwide as a possible takeover candidate. The company's "comparatively" lower multiple and "unique and growing" recurring revenue could bring investor, private equity, and strategic buyers, Johnson wrote to investors. The analyst reiterated an Outperform rating on the shares with a $27 price target. DA Davidson this morning initiated the shares with a Buy rating and $26 price target. The electronic payments facilitator is up 1% to $22.50 in early trading.
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