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Paycom price target raised to $148 from $137 at TD Cowen

TD Cowen analyst Jared Levine raised the firm’s price target on Paycom (PAYC) to $148 from $137 and keeps a Buy rating on the shares. The firm are updated estimates to account for latest Fed Funds rate expectations, share repo activity, debt drawdown, and thoughts ahead of its upcoming 1Q print.

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