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Fly News Breaks for November 23, 2016
BLKB
Nov 23, 2016 | 07:22 EDT
As previously reported, BofA/Merrill downgraded Blackbaud to Underperform from Neutral and maintained its $65 price target. Analyst Brad Sills said the company is investing in a more distributed sales force and integrating recent acquired offerings which will result in muted margin expansion. Further, he does not expect revenue acceleration given the cessation of several legacy offerings.
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