Bill price target raised to $100 from $74 at Baird

Baird raised the firm’s price target on Bill (BILL) to $100 from $74 and keeps a Neutral rating on the shares. The firm noted Bill announced it is offering $1.0 billion of convertible senior notes due 2030; and they expect a roughly $0.10-0.20 annualized EPS headwind from the transaction, but are warming a bit to the stock.