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Fly News Breaks for May 1, 2019
SSNC
May 1, 2019 | 09:42 EDT
Credit Suisse analyst Brad Zelnick raised his price target for SS&C to $75 from $68, while reiterating an Outperform rating on the shares. The analyst notes that the company reported mixed headline results, but while 2019 organic growth guidance was revised down, he notes that this was in part due to winding-down of a zero-margin business within DST, with EPS remaining intact.
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