By: Benzinga
J.P. Morgan Reiterates Underweight Rating, $34 PT on Paychex
In a report published Monday, J.P. Morgan & Co. reiterated its Underweight rating and $34.00 price target. on Paychex (NASDAQ: PAYX ). J.P. Morgan noted, “We are trimming our PAYX est. following mixed F2Q results. Revenues came in below expectations, with lower-than-expected opex offsetting the top line miss for in-line
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