Citigroup Maintains Neutral on Paycom Software, Lowers Price Target to $193
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Steven Enders maintains a Neutral rating on Paycom Software (PAYC) and lowers the price target from $196 to $193.

May 02, 2024 | 8:06 pm
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NEUTRAL IMPACT
Citigroup maintains a Neutral rating on Paycom Software and lowers the price target from $196 to $193.
The adjustment in price target by Citigroup, while maintaining a Neutral rating, suggests a minor recalibration of expectations rather than a significant change in the company's outlook. This adjustment is likely based on recent market conditions or company performance metrics. The direct mention of PAYC and the specific action taken by Citigroup makes this news highly relevant to PAYC. However, since the rating remains Neutral and the price target change is minimal, the impact on the stock price is expected to be neutral in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100