TriNet price target raised to $150 from $135 at Needham

Needham analyst Kyle Peterson raised the firm’s price target on TriNet to $150 from $135 and keeps a Buy rating on the shares. The company beat on Q4 EBITDA and EPS as lower insurance costs continued to serve as a tailwind to profitability, the analyst tells investors in a research note. TriNet management also provided a rock solid outlook for Q1, the firm added.