JP Morgan Maintains Underweight on Paychex, Lowers Price Target to $114
Portfolio Pulse from richadhand@benzinga.com
JP Morgan analyst Tien-Tsin Huang has maintained an 'Underweight' rating on Paychex (NASDAQ:PAYX) and lowered the price target from $123 to $114.
June 30, 2023 | 12:22 pm
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JP Morgan has maintained an 'Underweight' rating on Paychex and lowered the price target from $123 to $114.
The 'Underweight' rating maintained by JP Morgan indicates a negative outlook for Paychex. The lowering of the price target from $123 to $114 suggests that the analyst believes the stock is overvalued at its current price, which could lead to a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100