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Fly News Breaks for September 18, 2018
CBZ
Sep 18, 2018 | 09:11 EDT
William Blair analyst Timothy McHugh last night initiated coverage of CBIZ with an Outperform rating. The company provides a way to invest in the accounting and benefits brokerage sector, with a focus on providing these services to small businesses, McHugh tells investors in a research note. He estimates the addressable market for CBIZ's main services is more than $40B. The analyst believes CBIZ is an "overlooked story" that will deliver "steady and solid earnings growth." He views the current valuation as "relatively attractive."
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