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Fly News Breaks for August 4, 2015
TNET
Aug 4, 2015 | 07:26 EDT
JPMorgan expects shares of TriNet to be down more than the 2015 EBITDA guidance cut of 15% given management credibility concerns following the company's Q2 miss. It lowered its price target for shares to $24 from $39 but keeps an Overweight rating on the stock. TriNet continues to post solid underlying unit growth, JPMorgan points out.
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