Paychex (PAYX) PT Lowered to $125 at Morgan Stanley
Tweet
Share
E-mail
Get Alerts PAYX Hot Sheet
Price: $124.48 +1.28%
Rating Summary:
3 Buy, 14 Hold, 8 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 6 | New: 26
Rating Summary:
3 Buy, 14 Hold, 8 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 6 | New: 26
Join SI Premium – FREE
Morgan Stanley analyst James Faucette lowered the price target on Paychex (NASDAQ: PAYX) to $125.00 (from $127.00) while maintaining a Equalweight rating.
The analyst comments "While expected ERTC drag is driving near-term estimate reductions, constructive macro commentary, particularly on SMB closure rates, drove intra-day share price recovery. Execution against the contemplated FY25 ex. ERTC acceleration with slighter lower price realization remains key. Lower PT to $125."
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Beike (BEKE) PT Raised to $23 at Morgan Stanley
- Cummins (CMI) PT Lowered to $675 at Jefferies
- ICICI Securities Resumes Dalmia Bharat Ltd (DALBHARA:IN) at Add (2)
Create E-mail Alert Related Categories
Analyst Comments, Analyst PT ChangeRelated Entities
Morgan StanleySign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
