Alight price target raised to $11 from $10 at KeyBanc

KeyBanc raised the firm’s price target on Alight (ALIT) to $11 from $10 and keeps an Overweight rating on the shares. After a very health beat and raise in the first quarter as CEO, the firm believes Dave Guilmette is steering the ship for stabilized, profitable growth in the years ahead with more than 60% growth in the pipeline. KeyBanc expects margins to expand by at least 100 bps annually for the foreseeable future toward about 30% post 2026.