Canaccord raised the firm’s price target on Alight to $13 from $12 and keeps a Buy rating on the shares. The firm noted they announced its intention to sell its professional services and payroll units to financial buyer H.I.G Capital for total consideration of up to $1.2B. Since the divested business has a higher growth profile, the company is adjusting its medium-term pro forma growth outlook to 4-6% from 6-8% previously.
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