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SS&C Technologies Upgraded To Overweight At Morgan Stanley
Tuesday, September 27, 2016 - 8:28am | 295Morgan Stanley upgraded SS&C Technologies Holdings, Inc. (NASDAQ: SSNC) to Overweight from Equal Weight on expectations of an inflection in organic growth, margin expansion and lower leverage from robust cash flow. The brokerage sees several key drivers for an organic revenue growth inflection...
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Morgan Stanley Is Waiting For Better Visibility At AppFolio
Friday, May 13, 2016 - 8:42am | 177Morgan Stanley's Brian Essex downgraded AppFolio Inc (NASDAQ: APPF) from Overweight to Equal-Weight, while decreasing the price objective from $18.00 to $15.00. The analyst rating change came in response to AppFolio's FY2016Q1 earnings report slightly missing EPS consensus estimates at $(0.11) vs...
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Morgan Stanley Sees Limited Upside In SS&C, Initiates At Equal-weight
Monday, March 28, 2016 - 2:49pm | 353Shares of SS&C Technologies Holdings, Inc. (NASDAQ: SSNC) have lost nearly 10 percent since the start of 2016. Brian Essex of Morgan Stanley initiated coverage of SS&C Technologies with an Equal-weight holding and $68 price target. The analyst cited ongoing uncertainty in the...
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Morgan Stanley Likes The Xerox Split, But Downgrades Stock To Equal-Weight
Monday, February 1, 2016 - 9:29am | 357Shares of Xerox Corp (NYSE: XRX) have declined 25.97 percent over the past one year, falling almost to their 52-week low on January 20, at $8.76. Morgan Stanley’s Brian Essex has downgraded the rating on the company from Overweight to Equal-Weight, while lowering the price target from...
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Morgan Stanley Cuts CDK Global To Underweight, Notes 'A Long Road Ahead'
Tuesday, January 19, 2016 - 12:29pm | 238Morgan Stanley recently issued a report on CDK Global Inc (NASDAQ: CDK) after expectations of end market consolidation and limited international reach. Morgan Stanley downgraded CDK Global from Equal-weight to Underweight, while raising the price target from $45 to $46. Analysts Brian Essex,...
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Software Pair Trade? Morgan Stanley Upgrades Shopify, Downgrades Citrix Systems
Tuesday, January 19, 2016 - 10:16am | 510Shopify Inc (NYSE: SHOP) shares are down 23 percent since January 4, while shares of Citrix Systems, Inc (NASDAQ: CTXS) have lost 12 percent. Morgan Stanley analysts upgraded the rating for Shopify from Equal-weight to Overweight, and downgraded Citrix Systems from Equal-weight to...
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Mindbody Downgraded At Morgan Stanley; Firm 'Resting Between Sets'
Monday, September 28, 2015 - 8:23am | 323MINDBODY Inc (NASDAQ: MB) shares have climbed 45 percent year-to-date, rising steadily after hitting a low of $9.24 on August 4. Morgan Stanley’s Brian Essex downgraded the rating on the company from Overweight to Equal-weight, while raising the price target from $16.50 to $17....
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Mindbody Hit With Overweight At Morgan Stanley, But Cash Burn Has Risk
Tuesday, July 14, 2015 - 8:50am | 294In a report published Tuesday, Morgan Stanley analyst Brian Essex initiated coverage of MINDBODY Inc (NASDAQ: MB) with an Overweight rating and price target of $16.50. The analyst believes that the company is well positioned to take advantage of the expected technology adoption by the Health and...
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Godaddy Gains On Raft Of Favorable Coverage
Monday, May 11, 2015 - 12:58pm | 272Godaddy Inc (NYSE: GDDY) shares gained Monday as a raft of analysts launched mostly favorable coverage on the Web hosting company. The Scottsdale, Arizona-based company is off more than 1 percent since going public last month, but traded Monday at $25.90, up 4 percent. With roughly three-quarters...
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Morgan Stanley Still Waiting On Commercial Inflection For Computer Sciences Corporation
Tuesday, February 10, 2015 - 8:36am | 149In a report published Tuesday, Morgan Stanley analyst Brian Essex reiterated an Underweight rating and $58.00 price target on Computer Sciences Corporation (NYSE: CSC). In the report, Morgan Stanley noted, "CSC faced incremental execution issues in the Q resulting in about $150 million shortfall in...
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Morgan Stanley Reiterates Equal-Weight, Raises Price Target On CDK Global Awaiting More Clarity
Friday, February 6, 2015 - 11:24am | 91In a report published Friday, Morgan Stanley analyst Brian Essex reiterated an Equal-Weight rating on CDK Global (NASDAQ: CDK), and raised the price target from $42.00 to $45.00. In the report, Morgan Stanley noted, "With management now actively pursuing engagement of a consulting firm, we expect a...
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Morgan Stanley Initiates Coverage On Descartes Systems Group
Tuesday, November 25, 2014 - 9:30am | 255Morgan Stanley initiated coverage on Descartes Systems Group Inc (USA) (NASDAQ: DSGX) Tuesday with an Equal-weight rating and $15.50 price target. Analysts led by Brian Essex noted that “Descartes is a $1bn global provider of SaaS-based logistics management and transportation solutions...
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UPDATE: Morgan Stanley Reiterates On Computer Sciences Corporation Following Bloomberg Article
Wednesday, October 1, 2014 - 9:15am | 148In a report published Wednesday, Morgan Stanley analyst Brian Essex reiterated an Underweight rating on Computer Sciences Corporation (NYSE: CSC), but removed the $60.00 price target. In the report, Morgan Stanley noted, “The Bloomberg article indicated that CSC contacted Blackstone and Bain...
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Morgan Stanley Believes HQ Visit Implies Favorable 2015 Setup For Xerox
Thursday, August 28, 2014 - 8:03am | 148In a report published Thursday, Morgan Stanley analyst Brian Essex reiterated an Overweight rating and $15.00 price target on Xerox (NYSE: XRX). In the report, Morgan Stanley noted, “After bringing in a new CFO in mid-2013, we see additional changes at the top with new Services and Technology...