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Fly News Breaks for February 9, 2017
PAYC
Feb 9, 2017 | 07:41 EDT
Canaccord analyst David Hynes noted Paycom's Q4 upside results and positive outlook for 2017 should ease some investor concerns. He did say there were unanswered questions around planned openings that could raise suspicions but the numbers suggest the company continues to invest for growth. Hynes said although there's probably a bit of upside to his numbers, he expects the shares should advance more or less inline with growth. Hynes maintained his Buy rating and raised his price target to $60 from $55 on Paycom shares.
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