TriNet price target raised to $129 from $127 at TD Cowen

TD Cowen raised the firm’s price target on TriNet to $129 from $127 and keeps an Outperform rating on the shares. The firm said the company relayed a better than feared initial 2024 EPS guidance as it continues to manage costs well. They continue to execute well on the controllable factors and is well positioned to deliver improved revenue growth as net client hiring headwinds ease.