Fly News Breaks for November 13, 2019
Nov 13, 2019 | 07:18 EDT
BMO Capital analyst James Fotheringham lowered his price target on Ebix (EBIX) to $46 and kept his Market Perform rating after its "broad-based" Q3 miss, also reducing his forward estimates by up to 5% with slower expected revenue growth and higher operating expenses. The analyst says he would turn more constructive on the stock after the potential events around the closing of its Yatra Online (YTRA) deal and EbixCash IPO in Q2 of next year.
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