Citigroup Maintains Buy on Paycom Software, Lowers Price Target to $360
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Steven Enders maintains a 'Buy' rating on Paycom Software (NYSE:PAYC) but has lowered the price target from $405 to $360.
October 24, 2023 | 4:44 pm
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Citigroup maintains a 'Buy' rating on Paycom Software but lowers the price target from $405 to $360.
While the 'Buy' rating is maintained, the lowering of the price target could indicate a potential decrease in the short-term upside potential of the stock. However, the impact on the stock price is uncertain as the 'Buy' rating still indicates a positive outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100