Baird lowered the firm’s price target on Bill to $60 from $74 and keeps a Neutral rating on the shares. The firm noted they announced it is repurchasing an incremental ~$235 million of 0% converts due 2025 which Baird views as a good asset, but views it as balanced as interest rates could eventually fall hurting float/interest income, which is roughly all current income.
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- Bill price target lowered to $60 from $65 at Mizuho
- Bill sees Q4 adjusted EPS 41c-49c, consensus 54c
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