Jefferies Maintains Hold on Paychex, Raises Price Target to $130
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst Samad Samana maintains a Hold rating on Paychex (NASDAQ:PAYX) and raises the price target from $120 to $130.
October 02, 2024 | 3:25 pm
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Jefferies analyst Samad Samana maintains a Hold rating on Paychex and raises the price target from $120 to $130, indicating a positive outlook.
The increase in the price target from $120 to $130 by Jefferies suggests a positive outlook for Paychex, which could lead to a short-term increase in stock price. However, the Hold rating indicates that the stock may not outperform the market significantly.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100