BILL cut to Underweight as Wells Fargo cites growing number of risks (NYSE:BILL)

BILL cut to Underweight as Wells Fargo cites growing number of risks (NYSE:BILL)

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BILL Holdings (NYSE:BILL) stock dipped 3% in Monday premarket trading after Wells Fargo downgraded the provider of financial automation software to Underweight from Equal Weight as analyst Andrew Bauch pointed to a growing number of risks and uncertainties.

Among some of the notable issues cited by Bauch include: “(1) added take rate questions post V/MA settlement, (2) the potential to expand the BofA relationship to the ‘back-book’ becoming increasingly unlikely, and (3) an underwhelming return from the November RIF which we perceive as a sign of limited operating leverage.”

The post BILL cut to Underweight as Wells Fargo cites growing number of risks (NYSE:BILL) first appeared on Investorempires.com.

 

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