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Fly News Breaks for May 2, 2018
SSNC
May 2, 2018 | 05:25 EDT
Jefferies analyst Surinder Thind says SS&C Technologies' organic revenue growth in Q1 was solid at 5.3%, but he notes the company's operating results were slightly below consensus. The revenue guidance is a "little disappointing" as it suggests expectations of flattish year-over-year growth at DST, Thind tells investors in a post-earnings research note. He notes, however, that management is optimistic that growth at DST can be improved via revenue synergies. Thind keeps a Buy rating on SS&C with a $58 price target.
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