UBS analyst Rayna Kumar upgraded Jack Henry to Buy from Neutral with an $184 price target. The recent selloff tied to fears of U.S. bank failure contagion are overblown despite Jack Henry’s direct exposure to financial institutions, the analyst tells investors in a research note. Jack Henry remains poised to generate mid-to-high single digit top-line growth over the medium-term, the firm estimates, and its valuation represents an attractive entry point.
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