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Fly News Breaks for September 3, 2019
JKHY
Sep 3, 2019 | 09:02 EDT
Atlantic Equities analyst Kunaal Malde initiated coverage of Jack Henry & Associates with a Neutral rating and $147 price target. The company is a consistent share gainer in Bank Tech but this trend is well understood by investors, Malde tells investors in a research note. Jack Henry's valuation is much higher than peers relative to the company's earnings growth and its smaller bank customer base is under secular pressure, adds the analyst.
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