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Fly News Breaks for June 19, 2019
PCTY
Jun 19, 2019 | 07:22 EDT
Cantor Fitzgerald analyst Drew Kootman last night initiated coverage of Paylocity Holding with an Overweight rating and $113 price target. The analyst says his rating is based on the company's increasing market penetration, "unique" SaaS platform, and improving margin profile. He sees these factors driving multiple expansion in the shares.
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