SS&C price target lowered to $92 from $105 at Jefferies

Jefferies lowered the firm’s price target on SS&C to $92 from $105 and keeps a Buy rating on the shares. The firm expects the company to report “solid” Q1 results and reiterates its forward guidance. The shares are being hurt by AI-related uncertainty and broader market volatility, the analyst tells investors in a research note. However, Jefferies believes SS&C’s “predictable” growth profile, ability to expand margins, and track record in a highly regulated industry is “very attractive.”