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Fly News Breaks for November 7, 2016
PCTY
Nov 7, 2016 | 07:58 EDT
Baird analyst Mark Marcon lowered his price target on Paylocity to $44 from $52 to reflect lowered guidance following Q1 results. The company lowered guidance as they saw decelerating revenues against difficult comps. Marcon said he can see a further pullback in the shares and recommends a disciplined approach to buying the shares. Marcon maintained his Outperform rating on Paylocity shares.
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