Citi raised the firm’s price target on Paychex (PAYX) to $158 from $145 and keeps a Neutral rating on the shares. The firm says the company’s fiscal Q3 results were mostly in-line with expectations. Client retention remains robust, bookings growth commentary was positive, the analyst tells investors in a research note.
Confident Investing Starts Here:
- Quickly and easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PAYX:
- Paychex price target raised to $156 from $141 at Stifel
- Balanced Outlook: Paychex’s Mixed Performance and Market Challenges Justify Hold Rating
- Paychex Reports Revenue Growth and Strategic Acquisition
- Hold Rating for Paychex Amid Mixed Outlook and Economic Uncertainties
- Paychex CEO: Small businesses expressing both optimism and uncertainty