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JKHY Sees Rating Upgrade and Price Target Increase by Wells Farg
Wells Fargo has upgraded Jack Henry & Associates (JKHY) to ‘Overweight’ from ‘Equal-Weight’, raising its price target to $196 from $181. This upgrade reflects increased confidence in the company’s financial technology services and growth prospects for US banks and credit unions. Analysts forecast an average target price of $202.51 for JKHY, implying a significant upside from its current price.