BUZZ-Jack Henry rises as Wells Fargo lifts rating, boosts price target

Jack Henry & Associates, Inc. -2.81%

Jack Henry & Associates, Inc.

JKHY

166.21

-2.81%

** Shares of bank tech provider Jack Henry JKHY.O rise 1.64% to $159.34

** Wells Fargo upgrades JKHY to "overweight" from "equal weight"; raises PT to $196 from $181

** New PT represents 25% upside to the stock's last close

** Brokerage cites increasing confidence in F27 revenue growth acceleration and robust competitive position

** Expect continued market share gains in the wake of competitor missteps - Wells Fargo

** 12 of 17 analysts rate stock "strong buy" or "buy" and five "hold"; their median PT is $205- data compiled by LSEG

** Including session's move, JKHY down 4.4% in the last 12 months


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