Morgan Stanley Maintains Equal-Weight on Paychex, Lowers Price Target to $122
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst James Faucette maintains an Equal-Weight rating on Paychex (NASDAQ:PAYX) but lowers the price target from $125 to $122.
June 27, 2024 | 5:14 pm
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Morgan Stanley analyst James Faucette maintains an Equal-Weight rating on Paychex but lowers the price target from $125 to $122.
The lowered price target from $125 to $122 by Morgan Stanley suggests a slightly less optimistic outlook for Paychex, which could lead to a short-term negative impact on the stock price.
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