GPM Announces Investigation of TriNet Group Inc.

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Go back to GPM Announces Investigation of TriNet Group Inc.

Piper Jaffray Cuts Price Target on TriNet Group (TNET) to $22 Following 2Q EPS Miss

August 4, 2015 10:19 AM EDT

Piper Jaffray maintained a Neutral rating on TriNet Group (NYSE: TNET), and cut the price target to $22.00 (from $33.00), following 2Q15 results. EPS of $0.14 missed the Street's $0.27. Management lowered full-year revenue guidance by $25M.

Analyst George Tong commented, "Claims expense visibility remains diminished at TriNet,... More