Paychex (PAYX) April 120 straddle into quarter results
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Paychex (PAYX) PT Lowered to $125 at Morgan Stanley
April 3, 2024 4:34 AM EDTMorgan 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... More
