JP Morgan Maintains Underweight on Paychex, Raises Price Target to $134
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Tien-Tsin Huang maintains an Underweight rating on Paychex (NASDAQ:PAYX) and raises the price target from $114 to $134.
August 22, 2023 | 12:50 pm
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JP Morgan maintains an Underweight rating on Paychex and raises the price target from $114 to $134.
The news is directly about Paychex and its rating by JP Morgan. The raised price target indicates a positive outlook, but the Underweight rating suggests that the analyst believes the stock may underperform the market. This could lead to mixed reactions in the market, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100