TD Cowen Downgrades Paycom Software to Market Perform, Lowers Price Target to $202
Portfolio Pulse from Benzinga Newsdesk
TD Cowen analyst Bryan Bergin has downgraded Paycom Software (NYSE:PAYC) from Outperform to Market Perform and lowered the price target from $331 to $202.
November 01, 2023 | 12:21 pm
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Paycom Software has been downgraded by TD Cowen from Outperform to Market Perform, with a lowered price target from $331 to $202.
The downgrade from Outperform to Market Perform by TD Cowen, 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.
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