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Fly News Breaks for July 30, 2019
SSNC
Jul 30, 2019 | 05:05 EDT
SS&C Technologies' Q2 results "were fine" but this is the second straight quarter that the company lowered guidance for the year with organic growth headwinds, JPMorgan analyst Jackson Ader tells investors in a research note. This quarter's reduction in guidance is more broad-based with Eze, Intralinks and DST all being called out for separate reasons of weakness, adds the analyst. However, he reiterates an Overweight rating on SS&C despite dropping his price target to $67 from $70. Ader views the post-earnings selloff in the shares as overdone.
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