Goldman Sachs Maintains Neutral on Paycor HCM, Lowers Price Target to $19
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Gabriela Borges maintains a Neutral rating on Paycor HCM (NASDAQ:PYCR) and lowers the price target from $22 to $19.

May 13, 2024 | 3:52 pm
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Goldman Sachs has maintained its Neutral rating on Paycor HCM but reduced the price target from $22 to $19.
The reduction in price target by a prominent analyst like Goldman Sachs can lead to negative investor sentiment in the short term, potentially causing a decrease in the stock price. The Neutral rating indicates that the analyst does not see significant upside or downside from the current price level, but the lowering of the price target suggests a revision of the expected performance of the company.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100