TriNet price target raised to $84 from $74 at TD Cowen

TD Cowen raised the firm’s price target on TriNet to $84 from $74 and keeps a Market Perform rating on the shares. The analyst said TriNet is scheduled to report Q1 results and we anticipate a healthy beat and raise, but an extensive list of puts and takes, including fundamental questions, recent share outperformance, and fair valuation, leaves us neutral on the setup.