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Fly News Breaks for February 2, 2017
EGOV
Feb 2, 2017 | 08:59 EDT
As previously reported, Avondale downgraded NIC Inc. to Underperform from Market Perform and maintained its $18 price target. Analyst Peter Heckmann said NIC's growth is challenged by the combination of a relatively large state loss and relatively low backlog of contracted new business, combined with a premium valuation.
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