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Fly News Breaks for October 18, 2019
SSNC
Oct 18, 2019 | 08:02 EDT
DA Davidson analyst Peter Heckmann upgraded SS&C to Buy from Neutral with an unchanged $62 price target. The analyst contends that the current valuation on the stock suggests that investors are "too pessimistic" about the prospects of re-acceleration of the company's organic growth and believes that it will "meet or modestly exceed" estimates when reporting Q3 at the end of the month. Heckmann adds that at current levels, SS&C is trading at a forward EBITDA multiple of 10- to 11-times, while its closes peers are trading around 13- to 14-times.
News For SSNC From the Last 2 Days
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SSNC
Apr 25, 2024 | 16:11 EDT
Sees Q2 revenue $1.412B-$1.452B, consensus $1.43B.
SSNC
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