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Fly News Breaks for January 12, 2018
SSNC, DST
Jan 12, 2018 | 09:08 EDT
As noted earlier, DA Davidson analyst Peter Heckmann downgraded DST Systems (DST) to Neutral from Buy and raised his price target to $84 from $72. Heckmann cites the company's acquisition by SS&C (SSNC) at $84 per share and believes that shareholder got a good outcome in the deal, estimating the probability of a competitive bid to be "quite low".
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