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Fly News Breaks for November 7, 2018
QTWO
Nov 7, 2018 | 05:08 EDT
JPMorgan analyst Sterling Auty lowered his price target for Q2 Holdings to $62 saying that while the company's Q3 results were good, the acquisition of Cloud Lending is "materially" dilutive. Q2's organic results for the September quarter were better than anticipated as it appears, but the acquisition is weighing on near-term profitability and cash flow, Auty tells investors in a post-earnings research note. He keeps a Neutral rating on Q2 Holdings.
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