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Fly News Breaks for January 12, 2018
SSNC
Jan 12, 2018 | 08:21 EDT
Needham analyst Mayank Tandon raised his price target on SS&C to $60 and kept his Buy rating after the company disclosed the acquisition of DST Systems for $5.4B. Tandon estimates that SS&C can generate up to $3 in incremental EPS in FY19 from the deal, adding that his price target revision also reflects solid growth in the company's core business as well as the benefits of the U.S. corporate tax reforms.