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Fly News Breaks for February 22, 2019
TYL
Feb 22, 2019 | 07:09 EDT
DA Davidson analyst Peter Heckmann downgraded Tyler Technologies to Neutral and kept his $210 price target after its in-line Q4 results and below-consensus FY19 guidance. The analyst also notes that the stock has moved up over 15% year-to-date and reached his price target, adding that while he still sees the company "well-positioned to generate attractive growth in earnings and cash flow", the latest quarter did not offer much rational to increase his target valuation.
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