TD Cowen lowered the firm’s price target on Paylocity (PCTY) to $229 from $242 and keeps a Buy rating on the shares. The firm updated estimates to account for latest Fed Funds rate expectations and thoughts ahead of its upcoming 3Q.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PCTY:
- Jared Levine’s Buy Rating on Paylocity: Enhanced Revenue Estimates and Growth Projections Drive Positive Outlook
- Paylocity Earnings Call: Optimism Amid Growth and Innovation
- Paylocity price target raised to $240 from $210 at Truist
- Paylocity price target raised to $242 from $228 at TD Cowen
- Paylocity price target raised to $245 from $235 at Mizuho
