SS&C price target raised to $60 from $55 at Truist

Truist raised the firm’s price target on SS&C to $60 from $55 and keeps a Hold rating on the shares. The company’s Q4 results were solid, with upside on total adjusted revenue and adjusted net income, the analyst tells investors in a research note. SS&C has an expansive set of new products, service offerings and market expansion opportunities developing in 2024, and its management expects organic growth to improve markedly despite macro headwinds, the firm added.