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Fly News Breaks for August 8, 2019
PCTY
Aug 8, 2019 | 20:41 EDT
Jefferies analyst Samad Samana raised his price target on Paylocity to $115 after its Q4 earnings beat and above-consensus guidance for FY20, noting that the outlook would have been even better if not for a sharp reversal in interest rates. The analyst contends that with a "fully ramped" sales force, the company is well positioned to continue its "consistent, solid execution trend in FY20."
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