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Fly News Breaks for August 10, 2018
EPAY
Aug 10, 2018 | 08:59 EDT
Craig-Hallum analyst George Sutton reiterated a Buy rating on Bottomline Technologies but raised his price target to $63 following a "solid" quarter. Sutton points out recurring revenue now exceeds 85%, and combined with the bookings ramp, provides high visibility into forward growth and notes that guidance for FY19 was reiterated despite some headwinds created by the move to ASC606.
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