JPMorgan analyst Mark Murphy downgraded Paycor HCM (PYCR) to Underweight from Neutral with a price target of $22.50, up from $21, after the company entered into a definitive agreement to be acquired by Paycor HCM (PAYX) in an all-cash transaction for $22.50 per share. The firm sees “no unusual hurdles” to the closing of the proposed transaction at this time.
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