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Fly News Breaks for November 6, 2017
NSP
Nov 6, 2017 | 09:24 EDT
SunTrust analyst Tobey Sommer raised his price target on Insperity to $110 after Q3 earnings, saying that in spite of the negative impact of hurricane activity, the company saw double-digit unit growth and strong pricing. Sommer notes that Q3 strength was driven by growth in Business Performance Advisors - BPAs - and the company is ahead of its FY17 target in BPA hiring. The analyst keeps his Hold rating on Insperity, noting comparable valuation of his price target relative to that of HR outsourcing industry.
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