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Fly News Breaks for February 5, 2020
PCTY
Feb 5, 2020 | 07:07 EDT
KeyBanc analyst Arvind Ramnani raised his price target for Paylocity to $163 from $155 after the company delivered Q2 revenues above consensus and raised fiscal year 2020 revenue targets. The analyst believes upside was even more impressive given headwinds from the three interest rate cuts. He has an Overweight rating on the shares.
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