JP Morgan Maintains Underweight on Paychex, Raises Price Target to $128
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Tien-Tsin Huang maintains an Underweight rating on Paychex (NASDAQ:PAYX) but raises the price target from $120 to $128.
August 20, 2024 | 2:44 pm
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JP Morgan has maintained an Underweight rating on Paychex but increased the price target from $120 to $128, indicating a slightly more positive outlook.
The Underweight rating suggests a cautious stance, but the raised price target indicates a slightly improved outlook. This mixed signal may result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100