Paychex (PAYX) PT Lowered to $125 at Morgan Stanley
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Get Alerts PAYX Hot Sheet
Price: $112.12 +2.51%
Rating Summary:
3 Buy, 16 Hold, 6 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 14 | Down: 50 | New: 9
Rating Summary:
3 Buy, 16 Hold, 6 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 14 | Down: 50 | New: 9
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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."
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