BMO Capital Maintains Market Perform on Paycom Software, Lowers Price Target to $190
Portfolio Pulse from Benzinga Newsdesk
BMO Capital analyst Daniel Jester has maintained a 'Market Perform' rating on Paycom Software (NYSE:PAYC) but lowered the price target from $320 to $190.
November 01, 2023 | 1:49 pm
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NEGATIVE IMPACT
Paycom Software's price target has been lowered from $320 to $190 by BMO Capital, though the 'Market Perform' rating is maintained.
The lowering of the price target by a significant amount indicates that the analyst sees less upside potential in the stock, which could lead to selling pressure in the short term. However, the maintenance of the 'Market Perform' rating suggests that the analyst does not see any major issues with the company's fundamentals.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100