Stifel Downgrades Paycor HCM Inc (PYCR) to Hold

Stifel analyst Brad Reback downgraded Paycor HCM Inc (NASDAQ: PYCR) from Buy to Hold with a price target of $22.50 (from $25.00).

The analyst comments "As expected, given numerous news stories over the last several days, before the market opened on Tuesday (1/7), Paychex (PAYX, $139.26, covered by our colleague David Grossman) announced that it had entered into a definitive agreement to acquire Paycor. The acquisition is an all-cash deal with an enterprise value of approximately $4.1B, which represents a 4.6x EV/Revenue multiple on our CY26 revenue estimate of ~$896mn."

For an analyst ratings summary and ratings history on Paycor HCM Inc click here. For more ratings news on Paycor HCM Inc click here.

Shares of Paycor HCM Inc closed at $22.86 yesterday.

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