Jefferies reiterated a Buy rating and $50 price target on shares of Bill (BILL) following reports that Hellman & Friedman has been in talks to acquire the company. Given the activism, consolidation in the space and price action, a deal would not surprise Jefferies, the firm told investors in a research note. Jefferies added that the current rally embeds some premium, but the firm would not be surprised to see a bid at a higher level.
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