Paycor HCM Inc (PYCR) PT Lowered to $19 at TD Cowen

TD Cowen analyst Bryan Bergin lowered the price target on Paycor HCM Inc (NASDAQ: PYCR) to $19.00 (from $21.00) while maintaining a Hold rating.

The analyst commented: "PYCR reported a smaller than anticipated 3Q beat and a 4Q ex float growth guide below consensus due to ERTC processing delays & additional conservatism on net client hiring assumptions. Expect shares to react slightly negatively and remain range-bound ahead of initial FY25 guidance."

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