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Fly News Breaks for March 3, 2020
EBIX
Mar 3, 2020 | 09:04 EDT
Craig-Hallum analyst Jeff Van Rhee lowered the firm's price target on Ebix to $80 from $110 and keeps a Buy rating on the shares following the company's mixed quarterly results. The Legacy business had a strong booking quarter and guidance of 8%-10% growth in 2020 was reiterated, with emphasis on acceleration in 2H20., the analyst tells investors in a research note, adding that the EbixCash IPO remains on track for August, with three leading India banks already appointed and an additional international banker to be named soon.
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