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Fly News Breaks for August 6, 2018
SSNC
Aug 6, 2018 | 08:48 EDT
Needham analyst Mayank Tandon raised his price target on SS&C to $68 and kept his Buy rating after its "upside" Q2 results and raised FY18 outlook, citing the company's "solid core trends and acquisition synergies from the DST deal coming in faster than planned". The analyst also raises his FY18 EPS view to $2.53 from $2.30 following the update while adding that his forecasts still do not account for the impact from the Eze Software acquisition announced last week and noting that the management has a "strong track record of overachieving on acquisition synergies".
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