Barclays Maintains Underweight on Paychex, Lowers Price Target to $106
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Matt Ramsay has maintained an 'Underweight' rating on Paychex (NASDAQ:PAYX) and lowered the price target from $109 to $106.
July 03, 2023 | 9:54 am
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Barclays has maintained an 'Underweight' rating on Paychex and lowered the price target from $109 to $106.
The 'Underweight' rating maintained by Barclays indicates a negative outlook for Paychex. The lowering of the price target from $109 to $106 suggests that the analyst believes the stock is currently overvalued, which could lead to a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100