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Fly News Breaks for October 14, 2019
QTWO
Oct 14, 2019 | 06:32 EDT
Citi analyst Andrew Schmidt initiated coverage of Q2 Holdings with a Buy rating and $88 price target. The analyst likes Q2's "best of breed" digital banking platform and its role in the digitization of financial services. The company's subscription software model with five-year average customer contracts and the "relative stickiness of products bring favorable visibility," Schmidt tells investors in a research note.
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