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Fly News Breaks for May 4, 2016
PAYC
May 4, 2016 | 08:13 EDT
JPMorgan analyst Mark Murphy raised his price target for Paycom to $47 saying the magnitude of the company's better than expected quarter made a "strong statement." Paycom's bullish outlook reflects the significant opportunity in the underserved mid-market, Murphy tells investors in a research note. He keeps an Overweight rating on the shares.
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