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Fly News Breaks for July 30, 2019
Jul 30, 2019 | 07:38 EDT
As previously reported, DA Davidson analyst Peter Heckmann downgraded SS&C to Neutral and lowered his price target to $62 from $75 after its second consecutive quarter of lowered 2019 growth guidance. The analyst also lowers his FY19 and FY20 by about $1B to $1.82B and $1.99B, noting that SS&C's growth will slow materially next year after the company laps its 2018 acquisitions later this year, even though he still sees its management with the ability to pursue smaller deals
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