Paychex price target raised to $165 from $148 at RBC Capital

RBC Capital raised the firm’s price target on Paychex (PAYX) to $165 from $148 and keeps a Sector Perform rating on the shares ahead of its Q4 results. The company’s FY26 guidance should be roughly in-line with expectations and its preliminary guidance of about 6% core growth, the analyst tells investors in a research note. RBC adds that it believes Paychex could potentially raise its Paycor (PYCR) cost synergy target of over $80M and emphasize the robust revenue synergies driven by cross-selling products.