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Fly News Breaks for November 7, 2019
RP
Nov 7, 2019 | 07:52 EDT
Benchmark analyst Mark Schappel downgraded RealPage to Hold from Buy following the company's second revenue guidance cut in the past quarters, which he thinks illustrates its "middling sales execution." He also thinks RealPage acquired Buildium in an "expensive" deal at an "inopportune" time, which he sees leading to above-average integration risk. He sees a good time to step to the sidelines while waiting for evidence of better sales execution and lower integration risk, concluded Schappel.
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