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Fly News Breaks for June 19, 2019
PAYC
Jun 19, 2019 | 07:18 EDT
Cantor Fitzgerald analyst Drew Kootman last night initiated coverage of Paycom Software with a Neutral rating and $215 price target. The analyst believes the company has a number of positive attributes, including the ability to increase market penetration, a "unique" SaaS platform, and the potential to improve margin over the long-term. However, he finds the current risk/reward on the shares to be balanced.
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