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Fly News Breaks for July 30, 2019
SSNC
Jul 30, 2019 | 09:32 EDT
Needham analyst Mayank Tandon lowered his price target on SS&C to $65 after its in-line Q2 results and a cut in FY19 estimates due to lower trading and M&A volume headwinds. The analyst keeps his Strong Buy rating however, stating that in spite of the "disappointing" near-term outlook, the company can generate a "solid" low double-digit earnings growth over the long term with its M&A and organic growth opportunities.
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