TriNet price target lowered to $67 from $70 at Cowen

Cowen analyst Jared Levine lowered the firm’s price target on TriNet to $67 from $70 and keeps a Market Perform rating on the shares. The analyst noted they are due ti report earnings in early February and he anticipates a strong 4Q beat butis cautious on initial 2023 expectations given its client exposures, historical dependence on PPC growth, a wide range of estimates, and uncertainty on client churn.