Piper Sandler analyst Arvind Ramnani raised the firm’s price target on Paycom (PAYC) to $246 from $224 and keeps a Neutral rating on the shares. The firm notes Paycom delivered upside to Q1 expectations, with both top line and EBITDA results ahead of consensus Piper believes that Paycom remains a company in transition and looks for better revenue growth to become more constructive.
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