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Fly News Breaks for July 30, 2019
SSNC
Jul 30, 2019 | 05:07 EDT
Jefferies analyst Surinder Thind expects SS&C Technologies' second straight revenue guide-down quarter to likely "weigh heavily" on the stock. The company's business environment has become more challenging as clients tighten purse strings amid greater uncertainty, Thind tells investors in a research note. However, its free cash flow yield approaching high single digits offers "some support," he adds. The analyst keeps a Hold rating on SS&C with a $64 price target.
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