TD Cowen Maintains Hold on Paychex, Raises Price Target to $131
Portfolio Pulse from Benzinga Newsdesk
TD Cowen analyst Bryan Bergin maintains a Hold rating on Paychex (NASDAQ:PAYX) and raises the price target from $126 to $131.
October 02, 2024 | 5:56 pm
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TD Cowen analyst Bryan Bergin maintains a Hold rating on Paychex and raises the price target from $126 to $131.
The analyst's decision to maintain a Hold rating suggests a neutral stance on the stock's immediate performance. However, the increase in the price target from $126 to $131 indicates a positive outlook on the company's valuation, which could lead to a slight upward movement in the stock price.
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IMPORTANCE 70
RELEVANCE 100