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Paylocity price target raised to $242 from $228 at TD Cowen

TD Cowen analyst Jared Levine raised the firm’s price target on Paylocity (PCTY) to $242 from $228 and keeps a Buy rating on the shares. The firm expects to see estimates moving higher and investors reward its leading combination of ex float growth and FCF margins projected,as well as consistency on outperforming its expectations.

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