TD Cowen Maintains Buy on Paylocity Holding, Lowers Price Target to $180
Portfolio Pulse from Benzinga Newsdesk
TD Cowen analyst Jared Levine maintains a Buy rating on Paylocity Holding (PCTY) but lowers the price target from $188 to $180.

May 03, 2024 | 8:37 pm
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NEUTRAL IMPACT
TD Cowen maintains a Buy rating on Paylocity Holding but lowers the price target from $188 to $180.
While the reduction in price target could suggest a slightly less optimistic view on the stock's short-term price potential, the maintenance of a Buy rating indicates continued confidence in the company's fundamentals and growth prospects. This mixed signal could lead to a neutral short-term impact on the stock price as investors weigh the lowered price target against the sustained positive rating.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100