Morgan Stanley Maintains Equal-Weight on Paychex, Raises Price Target to $127
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst James Faucette has maintained an Equal-Weight rating on Paychex (NASDAQ:PAYX) and raised the price target from $125 to $127.
September 28, 2023 | 12:49 pm
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Morgan Stanley has maintained an Equal-Weight rating on Paychex and raised the price target from $125 to $127.
The raised price target by Morgan Stanley indicates a positive outlook for Paychex. This could potentially lead to an increase in the stock price in the short term as it signals the analyst's confidence in the company's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100