Stifel Maintains Hold on Paychex, Raises Price Target to $130
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst David Grossman has maintained a Hold rating on Paychex (NASDAQ:PAYX) and increased the price target from $124 to $130.
December 22, 2023 | 12:18 pm
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Stifel analyst David Grossman reaffirmed a Hold rating on Paychex and raised the price target from $124 to $130, indicating a positive outlook on the stock's value.
The increase in price target by Stifel suggests an improved valuation assessment of Paychex, which could lead to increased investor confidence and a potential short-term rise in the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100