Deutsche Bank starts CBIZ with a Hold, sees valuation as ‘fair’

As previously reported, Deutsche Bank analyst Faiza Alwy initiated coverage of CBIZ (CBZ) with a Hold rating and $60 price target Execution and macro-driven hiccups, in addition to elevated expectations post-Marcum, led to significant stock price underperformance in 2025, notes the analyst, who expects the backdrop to improve over the course of 2026, but sees valuation as “fair.”