Keybanc Maintains Overweight on Paylocity Holding, Lowers Price Target to $186
Portfolio Pulse from Benzinga Newsdesk
Keybanc analyst Jason Celino maintains an Overweight rating on Paylocity Holding (PCTY) but lowers the price target from $197 to $186.

February 09, 2024 | 8:12 pm
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Keybanc maintains an Overweight rating on Paylocity Holding but lowers the price target from $197 to $186.
While the reduction in price target could suggest a slightly less optimistic view on the stock's future performance, the maintenance of an Overweight rating indicates continued confidence in the company's fundamentals. This mixed signal might lead to a neutral short-term impact on the stock price as investors weigh the lowered price target against the analyst's ongoing bullish stance.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100