Jefferies lowered the firm’s price target on Bill (BILL) to $50 from $55 and keeps a Buy rating on the shares. Fiscal Q2 results mostly beat expectations and “mark a much-needed step in the right direction,” the analyst tells investors. The key to driving the stock materially higher will be sustaining this for multiple quarters, the analyst added.
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- Bill reports Q2 adjusted EPS 64c, consensus 56c
- Bill sees Q3 adjusted EPS 53c-57c, consensus 51c