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Fly News Breaks for April 26, 2019
TYPE
Apr 26, 2019 | 12:32 EDT
JPMorgan analyst Jackson Ader lowered his price target for Monotype Imaging to $20 from $21 citing this morning's "disappointing" Q1 results. Deal slippage and more printer headwinds weighed on sales results in the quarter, Ader tells investors in a post-earnings research note. The found it "particularly disappointing" that Monotype's enterprise business came in light of expectations "given that it has been the singular standout in recent quarters." He keeps a Neutral rating on the shares.
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