Citigroup Maintains Neutral on Paychex, Lowers Price Target to $125
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Peter Christiansen has maintained a Neutral rating on Paychex (NASDAQ:PAYX) but has reduced the price target from $130 to $125.

December 26, 2023 | 11:39 am
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NEUTRAL IMPACT
Citigroup has maintained a Neutral rating on Paychex but lowered the price target from $130 to $125, indicating a potential limited upside or downside.
The reduction in price target by Citigroup suggests a modest adjustment in the expected performance of Paychex. As the rating remains Neutral, the impact on the stock price is likely to be minimal in the short term, reflecting a balanced view without strong bullish or bearish signals.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100