Stifel Maintains Hold on Paychex, Raises Price Target to $141
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst David Grossman maintains a Hold rating on Paychex (NASDAQ:PAYX) and raises the price target from $130 to $141.
October 02, 2024 | 3:28 pm
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Stifel analyst David Grossman has maintained a Hold rating on Paychex but increased the price target from $130 to $141, indicating a positive outlook.
The increase in the price target from $130 to $141 suggests a positive outlook for Paychex, which could lead to a short-term increase in stock price. However, the Hold rating indicates that the analyst does not see a strong buy opportunity at the current price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100