KeyBanc lowered the firm’s price target on Paylocity (PCTY) to $172 from $190 and keeps an Overweight rating on the shares ahead of quarterly results. The firm is again looking for the company’s execution and visibility leading to modest beat and raise. That said, approaching the second half of the year, KeyBanc is lowering its FY27 growth rate slightly to reflect a more gradual glide path.
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