Bill price target raised to $120 from $100 at Deutsche Bank

Deutsche Bank analyst Bryan Keane raised the firm’s price target on Bill (BILL) to $120 from $100 and keeps a Buy rating on the shares after meeting with management. Bill noted stronger signs of stabilization with some green shoots in payment volume per customer last quarter which were due to increased spending on leases and facilities, the analyst tells investors in a research note. The firm takes this as a positive leading indicator for future growth and expansion among small businesses.