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Fly News Breaks for May 1, 2019
SSNC
May 1, 2019 | 05:07 EDT
Jefferies analyst Surinder Thind downgraded SS&C Technologies to Hold from Buy while raising his price target for the shares to $64 from $58. The analyst says the company's Q1 results mirror his concerns that its story has shifted from high growth to one of slower growth and strong free cash flow. Thind sees few catalysts ahead for the stock as management "takes it foot off the M&A gas pedal to de-lever." SS&C's current valuation may be close to full, he tells investors in a research note.
News For SSNC From the Last 2 Days
SSNC
Apr 25, 2024 | 16:12 EDT
SSNC
Apr 25, 2024 | 16:11 EDT
Sees Q2 revenue $1.412B-$1.452B, consensus $1.43B.
