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Fly News Breaks for March 28, 2018
EPAY
Mar 28, 2018 | 07:51 EDT
Citi analyst Andrew Schmidt started Bottomline Technologies with a Buy rating and $46 price target. The analyst calls Bottomline his preferred way to directly play the business-to-business "FinTech theme." The company is a leading provider of business-focused financial technology, including a B2B payments network, digital banking solutions, and payment workflow automation, Schmidt tells investors in a research note. He thinks investors are underappreciating the company's increasing recurring revenue base and multi-year operating leverage potential.
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