TD Cowen Maintains Outperform on Paychex, Lowers Price Target to $123
Portfolio Pulse from Benzinga Newsdesk
TD Cowen analyst Bryan Bergin maintains an Outperform rating on Paychex (NASDAQ:PAYX) but lowers the price target from $125 to $123.
June 13, 2023 | 4:47 pm
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TD Cowen analyst maintains Outperform rating on Paychex but lowers price target from $125 to $123.
TD Cowen's lowered price target for Paychex may cause some short-term uncertainty among investors, but the maintained Outperform rating suggests that the analyst still believes in the company's potential for growth. The impact on the stock price is likely to be neutral in the short term.
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