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Jack Henry price target raised to $186 from $180 at Baird

Baird raised the firm’s price target on Jack Henry to $186 from $180 and keeps a Neutral rating on the shares. The firm expects revenue/EPS to be mildly above Street estimates and F2024 guidance likely mildly raised. They are balanced about the shares but warming a bit, as margin expansion has been emerging, and could set up for rising estimates.

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