Citigroup Maintains Neutral on Paychex, Raises Price Target to $145
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Peter Christiansen maintains a Neutral rating on Paychex (NASDAQ:PAYX) but raises the price target from $125 to $145.
September 25, 2024 | 6:02 pm
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Citigroup has maintained a Neutral rating on Paychex but increased the price target from $125 to $145, indicating a positive outlook on the stock's potential.
The increase in the price target from $125 to $145 suggests that Citigroup sees potential for Paychex's stock to appreciate, which is a positive signal for investors. However, the Neutral rating indicates that the stock may not outperform the market significantly.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100