SS&C price target raised to $84 from $78 at DA Davidson

DA Davidson analyst Peter Heckmann raised the firm’s price target on SS&C to $84 from $78 and keeps a Buy rating on the shares ahead of its Q2 results. The company’s continued organic revenue growth is expected to be driven by the strength in the alternative fund administration, Blue Prism, and Intralinks businesses, the analyst tells investors in a research note. The firm adds that over the next two years, SS&C should be able to generate 4%-6% organic revenue growth annually and supplement that with acquisitions.