Cowen analyst Jared Levine raised the firm’s price target on TriNet to $74 from $67 and keeps a Market Perform rating on the shares. The analyst said the 2023 guide missed consensus expectations as we had anticipated due to macro headwinds and new client sales execution challenges in 2022. Cowen believes the shares will remain range-bound as investors await greater clarity on labor market trajectory and confidence on improved execution.
Published first on TheFly
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