TD Cowen lowered the firm’s price target on Paychex (PAYX) to $126 from $140 and keeps a Hold rating on the shares. The firm said the company posted mostly inline Q1 results as expected while reaffirming 2026 growth ans margin outlooks. Demand is broadly stable, and it sees the Paycor integration progressing as planned.
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Read More on PAYX:
- Paychex price target lowered to $132 from $148 at Morgan Stanley
- Paychex price target lowered to $140 from $143 at BMO Capital
- Paychex Reports Strong Revenue Growth and Positive Outlook
- Paychex Earnings Call: Positive Growth Amid Challenges
- Cautious Outlook on Paychex Amid Market Skepticism and Execution Risks