RealPage (RP) Tops Q2 EPS by 1c, Updates Guidance
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Credit Suisse Assumes RealPage (RP) at Underperform
August 4, 2016 7:46 AM EDTCredit Suisse assumes coverage on RealPage (NASDAQ: RP) with a Underperform rating and a price target of $21.00 (from $19.00).
Analyst Kyle Chen commented, "RP reported relatively solid results in Q2, in our view, with headline revenue, Op. margin, and EPS all above Street/guidance. The qtr was highlighted by relatively good performance across most of RP's product families (Property Mgmt, Resident Services, Asset Optimization) although Leasing and... More
