Morgan Stanley Reiterates Equal-Weight on Paychex, Maintains $125 Price Target
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst James Faucette has reiterated an Equal-Weight rating on Paychex (NASDAQ:PAYX) and maintained a $125 price target.
July 03, 2023 | 12:28 pm
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Morgan Stanley has reiterated an Equal-Weight rating on Paychex and maintained a $125 price target.
The news is directly about Paychex and its rating by Morgan Stanley. The Equal-Weight rating suggests that the analyst believes the stock is fairly valued at its current price, hence the neutral score. The maintained price target indicates that the analyst does not foresee significant price movement in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100