JPMorgan analyst Tien-tsin Huang lowered the firm’s price target on Paychex (PAYX) to $100 from $125 and keeps an Underweight rating on the shares. The firm updated the company’s model post the fiscal Q3 report.
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Read More on PAYX:
- Paychex price target lowered to $99 from $120 at Citi
- Paychex price target lowered to $125 from $148 at Baird
- Paychex CEO: This was a very strong quarter and we continue to gain momentum
- Paychex: Solid Q3 Execution but Macro, AI, and Integration Uncertainties Justify Hold and Range‑Bound Outlook
- Paychex price target lowered to $105 from $110 at Jefferies