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Fly News Breaks for November 4, 2016
PCTY
Nov 4, 2016 | 09:36 EDT
Craig-Hallum downgraded Paylocity to Hold and lowered its price target to $42 from $55 due to weak December guidance. The analyst said growth rates are "notably" decelerating and would wait for a better entry point and increased clarity on the industry slowdown before becoming more constructive on shares.
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