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Fly News Breaks for February 1, 2019
EPAY
Feb 1, 2019 | 15:22 EDT
Raymond James analyst John Davis lowered his estimates for Bottomline Technologies and cut his price target on the stock to $65 from $77 stating that the company's Q2 results were in-line to slightly better "pretty much across the board" outside of subs and transactions. However, he believes there is likely "some ASC 606 related noise" and said "there certainly wasn't anything thesis-changing in the quarter." Davis keeps a Strong Buy rating on Bottomline shares.
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