Barclays analyst Raimo Lenschow raised the firm’s price target on Paycom (PAYC) to $240 from $221 and keeps an Equal Weight rating on the shares. The firm sees the company’s Q1 results as a constructive data point supporting that Paycom is seeing benefits from past operational adjustments.
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Read More on PAYC:
- Stable Outlook for Paycom Amid Strong Performance and Growth Challenges
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- Paycom reports Q1 non-GAAP EPS $2.80, consensus $2.56