TriNet Announces Second Quarter Fiscal 2016 Results and Senior Secured Credit Facility Refinancing
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Piper Jaffray Raises Price Target on TriNet Group (TNET) to $21 Following 2Q Beat
August 2, 2016 9:04 AM EDTPiper Jaffray reiterated a Neutral rating on TriNet Group (NYSE: TNET), and raised the price target to $21.00 (from $18.00), following the company's 2Q earnings report. Net service revenue of $149.2M increased 22.3% y/y, above the consensus of 21.4%. EPS of $0.27 also beat the Street's $0.25 estimate.... More
