Stifel Nicolaus Sticks to Their Hold Rating for Paychex (PAYX)
Stifel Nicolaus analyst David Grossman maintained a Hold rating on Paychex today and set a price target of $126.00.
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Grossman covers the Technology sector, focusing on stocks such as International Business Machines, Paychex, and Accenture. According to TipRanks, Grossman has an average return of 5.9% and a 52.37% success rate on recommended stocks.
In addition to Stifel Nicolaus, Paychex also received a Hold from Citi’s Bryan Keane in a report issued today. However, on December 20, TR | OpenAI – 4o reiterated a Buy rating on Paychex (NASDAQ: PAYX).
Based on Paychex’s latest earnings release for the quarter ending November 30, the company reported a quarterly revenue of $1.56 billion and a net profit of $395.4 million. In comparison, last year the company earned a revenue of $1.32 billion and had a net profit of $413.4 million
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- Balancing Solid Execution Against Growth Headwinds: Rationale for Maintaining a Hold Rating on Paychex
- Paychex price target lowered to $120 from $139 at Citi
- Paychex price target lowered to $123 from $133 at Morgan Stanley
- Paychex price target lowered to $125 from $140 at JPMorgan
- Paychex Earnings Call Highlights Growth, AI and Synergies
