Stifel downgraded Paycor HCM (PYCR) to Hold from Buy with a price target of $22.50, down from $25, after Paychex (PAYX) announced an agreement to acquire Paycor in an all-cash deal with an enterprise value of approximately $4.1B.
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Read More on PYCR:
- Paycor HCM downgraded to Hold from Buy at Needham
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- M&A News: Paychex (NASDAQ:PAYX) Will Acquire PYCR for $4.1B
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