Keybanc Maintains Overweight on Paylocity Holding, Lowers Price Target to $197
Portfolio Pulse from Benzinga Newsdesk
Keybanc analyst Jason Celino maintains an Overweight rating on Paylocity Holding (NASDAQ:PCTY) but lowers the price target from $255 to $197.
November 03, 2023 | 11:20 am
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NEGATIVE IMPACT
Paylocity Holding's price target has been lowered from $255 to $197 by Keybanc, though the Overweight rating is maintained.
The lowering of the price target by Keybanc indicates a potential decrease in the stock's value. However, the maintained Overweight rating suggests that the stock is still expected to outperform. This mixed signal could lead to short-term uncertainty and potential downward pressure on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100