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Fly News Breaks for February 26, 2019
RP
Feb 26, 2019 | 07:35 EDT
Stephens analyst John Campbell said RealPage delivered "a mixed quarter and fairly soft guidance," but he does not see a cause for concern, arguing that the company's drawn out implementation timelines are "a rich man's problem" in that they are partly driven by the degree of bookings success RealPage is having in one of its most promising long-term offerings, namely Asset Optimization. He maintains an Overweight rating and $70 price target on RealPage shares following the company's quarterly report.
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