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Fly News Breaks for March 16, 2015
PAYX, ADP, TNET
Mar 16, 2015 | 08:52 EDT
After meeting with TriNet's management, Stifel says that the combination of the company's secular tailwinds and its relatively low market share indicate that its opportunity is meaningful and improving. The firm notes that two other major companies in the industry - ADP (ADP) and Paychex (PAYX) - are growing by mid-teen percentage levels, further validating its thesis. Stifel adds that insurance risks are largely priced into the stock, and it keeps a $41 price target and Buy rating on the shares.
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