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Fly News Breaks for April 29, 2016
EPAY
Apr 29, 2016 | 08:04 EDT
William Blair analyst Robert Napoli downgraded Bottomline Technologies to Market Perform from Outperform saying the company's transition to the SaaS model is taking longer than expected. Management's prior commentary indicated Bottomline was nearing an inflection point, which appears not to be the case, Napoli tells investors in a post-earnings research note. Raymond James also downgraded Bottomline this morning.
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