Morgan Stanley Maintains Equal-Weight on Paychex, Raises Price Target to $133
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst James Faucette maintains an Equal-Weight rating on Paychex and raises the price target from $122 to $133.
October 02, 2024 | 12:14 pm
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Morgan Stanley has maintained its Equal-Weight rating on Paychex but increased the price target from $122 to $133, indicating a positive outlook.
The increase in the price target from $122 to $133 by Morgan Stanley suggests a positive outlook for Paychex, which could lead to a short-term increase in stock price. The maintained Equal-Weight rating indicates a balanced view, but the raised target price is a positive signal.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100