Piper Sandler Downgrades Paycom Software to Neutral, Lowers Price Target to $185
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Arvind Ramnani has downgraded Paycom Software (NYSE:PAYC) from Overweight to Neutral and lowered the price target from $399 to $185.
November 01, 2023 | 8:43 am
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NEGATIVE IMPACT
Paycom Software has been downgraded from Overweight to Neutral by Piper Sandler, with a lowered price target from $399 to $185.
The downgrade from Overweight to Neutral by Piper Sandler, along with a significant reduction in the price target, indicates a less optimistic outlook for Paycom Software. This could potentially lead to a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100