BMO Capital analyst Jeffrey Silber initiated coverage of CBIZ (CBZ) with an Outperform rating and $33 price target The firm says the company operates in a “fragmented, regulation-driven industry with favorable long-term demand characteristics.” CBIZ’s November 2024 Marcum acquisition doubled its market share and expanded its national scale, and its 72% recurring revenue mix provides stability, the analyst tells investors in a research note. BMO says the stock’s recent selloff brings an attractive entry point.
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