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Fly News Breaks for September 7, 2018
SSNC
Sep 7, 2018 | 07:37 EDT
DA Davidson analyst Peter Heckmann downgraded SS&C to Neutral from Buy and lowered his price target to $60 from $62 after the company's announced acquisition of Intralinks Holdings for $1.5B. The analyst notes that the economics of the deal are attractive, but adds that he does not see an "immediate" strategic fit. Heckmann further notes that he is much more positive on the previous acquisition of EZE and warns about the possibility of integration risk, along with higher leverage risk, of the SS&C investment story.
News For SSNC From the Last 2 Days
SSNC
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SSNC
Apr 25, 2024 | 16:11 EDT
Sees Q2 revenue $1.412B-$1.452B, consensus $1.43B.
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