Information Provided By:
Fly News Breaks for January 8, 2020
SSNC
Jan 8, 2020 | 07:42 EDT
DA Davidson analyst Peter Heckmann raised his price target for SS&C Technologies to $72 from $62 and maintained a Buy rating as he moves his valuation framework onto his 2021 forecasts. In a research note to investors, Heckmann says he thinks management will provide 2020 guidance in early February that brackets his forecasts and the consensus. He thinks SS&C can pursue small- and mid-sized acquisitions that should be accretive with his forecast for just over $1B in free cash flow for 2020.