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Fly News Breaks for February 15, 2019
QTWO
Feb 15, 2019 | 07:48 EDT
DA Davidson analyst Peter Heckmann downgraded Q2 Holdings to Underperform but also raised his price target to $52 from $44. The analyst notes that after its recent run-up, the current valuation will make it difficult for the stock to generate attractive returns. Heckmann adds that in spite of being a stand-out in FinTech, he is frustrated by the company's "consistent push-outs in margin expansion".