Jack Henry initiated with an Underweight at Wells Fargo

Wells Fargo initiated coverage of Jack Henry (JKHY) with an Underweight rating and $155 price target Despite positive business prospects, potential headwinds from bank acquisition resumption presents risk to Jack Henry’s medium term estimates, the analyst tells investors in a research note. The firm sees downward revisions to estimates and a lack of multiple expansion opportunity for the shares versus others in its coverage “leading the narrative.”