JPMorgan raised the firm’s price target on Paychex (PAYX) to $148 from $140 and keeps an Underweight rating on the shares. The firm updated the company’s model for the acquisition of Paycor.
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Read More on PAYX:
- Paychex price target raised to $135 from $132 at BofA
- Cautious Outlook on Paychex: High Valuation Amid Uncertain Macroeconomic Environment and Modest Growth Projections
- Paychex’s Acquisition of Paycor: Revenue Growth Amidst Margin Adjustments Leads to Hold Rating
- Paychex price target raised to $153 from $150 at TD Cowen
- Paychex price target raised to $150 from $142 at Morgan Stanley