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Fly News Breaks for October 17, 2018
EPAY
Oct 17, 2018 | 07:21 EDT
Citi analyst Andrew Schmidt raised his price target for Bottomline Technologies to $75 saying favorable underlying subscription and transaction revenue growth should drive "good" September quarter results. The quarter should represent a trough in earnings growth for fiscal 2019, Schmidt tells investors in a pre-earnings research note. Bottomline remains the analyst's preferred way to directly play business-to-business FinTech and he keeps a Buy rating on the shares.
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