Stifel analyst David Grossman lowered the firm’s price target on Paychex (PAYX) to $126 from $137 and keeps a Hold rating on the shares ahead of fiscal Q2 EPS due on December 19. The firm expects a largely in-line quarter and guidance, adding that it estimates 5%-plus second half growth is needed to achieve the low-end of the company’s FY26 organic revenue guidance.
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