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Fly News Breaks for September 27, 2016
SSNC
Sep 27, 2016 | 06:11 EDT
Morgan Stanley analyst Brian Essex upgraded SS&C to Overweight and raised its price target to $39 from $37. The analyst expects fundamentals to improve in the 2H 2016 with robust cash flow driven by improving retention rates, Advent contribution, easier license comps, improved cross selling and sales force reorganization, and AUA stabilization.
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