Stifel Maintains Buy on Paycor HCM, Lowers Price Target to $22
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Brad Reback maintains a Buy rating on Paycor HCM (NASDAQ:PYCR) but lowers the price target from $25 to $22.

May 09, 2024 | 2:05 pm
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Stifel analyst Brad Reback maintains a Buy rating on Paycor HCM but lowers the price target from $25 to $22.
While the reduction in price target could suggest a tempered outlook on the stock's short-term price performance, the maintenance of a Buy rating indicates a continued positive view on the company's fundamentals. This mixed signal could lead to a neutral short-term impact on the stock price as investors weigh the lowered price target against the analyst's ongoing endorsement.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100