Information Provided By:
Fly News Breaks for October 4, 2019
SSNC
Oct 4, 2019 | 05:11 EDT
Jefferies analyst Surinder Thind lowered his price target for SS&C Technologies to $55 from $64 and reiterates a Hold rating on the shares ahead of the company's Q3 results. The analyst expects SS&C to report Q3 revenue and earnings in line with expectations, and reiterate its full year outlook. After three consecutive quarters of disappointing guidance, the current outlook was "sufficiently de-risked" last quarter, Thind tells investors in a research note. However, he sees an increasingly challenging environment for financial firms.