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Fly News Breaks for February 1, 2019
EPAY
Feb 1, 2019 | 08:35 EDT
DA Davidson analyst Peter Heckmann lowered his price target on Bottomline Technologies to $47 and kept his Neutral rating after its results, saying that Q2 revenues edged out his expectations but the guidance for Q3 was disappointing due to increased FX headwinds related to weaker GBP. The analyst adds that the "more significant decline in earnings guidance was not fully explained" on the call despite a number of questions on the matter, also lowering his FY20 and FY21 EPS forecasts by 18c and 20c respectively to $1.52 and $1.76.
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