Citigroup Maintains Neutral on Paycom Software, Raises Price Target to $196
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Steven Enders maintains a Neutral rating on Paycom Software (NYSE:PAYC) and raises the price target from $172 to $196.
October 31, 2024 | 8:40 pm
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Citigroup has maintained a Neutral rating on Paycom Software but increased the price target from $172 to $196, indicating a positive outlook.
The increase in the price target from $172 to $196 suggests a positive outlook for Paycom Software, despite the Neutral rating. This could lead to a short-term positive impact on the stock price as investors may perceive the raised target as a sign of potential growth.
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