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Fly News Breaks for February 15, 2019
TNET
Feb 15, 2019 | 07:32 EDT
JPMorgan analyst Tien-tsin Huang upgraded TriNet to Neutral and raised his price target for the shares to $60 from $53. The company's Q4 results were led once again by insurance upside, but the "real surprise" was management's bullish fiscal 2019 EBITDA outlook, Huang tells investors in a research note. The analyst says the company's "higher and firmer" EBITDA baseline supersedes his prior Underweight rating.
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