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Fly News Breaks for November 23, 2018
SSNC
Nov 23, 2018 | 07:08 EDT
Deutsche Bank analyst Ashish Sabadra closed his short-term Catalyst Call idea on SS&C Technologies. While the company beat Q3 expectations and raised its outlook, the stock remains under pressure due to concerns about high leverage and exposure to the hedge fund industry, Sabadra tells investors in a research note. The analyst, however, believes these headwinds are manageable. SS&C continues to remain a "Fresh Money Idea" for Q4 and Sabadra keeps a Buy rating on the name.
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