B of A Securities Maintains Underperform on Paychex, Raises Price Target to $113
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Jason Kupferberg maintains an Underperform rating on Paychex (NASDAQ:PAYX) but raises the price target from $111 to $113.
June 27, 2024 | 9:25 am
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NEUTRAL IMPACT
B of A Securities maintains an Underperform rating on Paychex but raises the price target from $111 to $113. This suggests a cautious outlook despite a slight increase in the price target.
The Underperform rating indicates a negative outlook, but the slight increase in the price target suggests some positive factors. Overall, the impact is neutral as the negative rating balances out the positive price target adjustment.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100