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Fly News Breaks for June 20, 2019
PAYC
Jun 20, 2019 | 07:13 EDT
KeyBanc analyst Brent Bracelin raised his price target for Paycom to $246 from $215 as further analysis of the HR competitive landscape suggests the growth and improving margin profile at the company appears sustainable, particularly given roughly 70% of HR applications are still tied to on-premise deployments implying a long and stable growth runway. The analyst reiterates an Overweight rating on the shares.
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