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Paycom price target raised to $167 from $161 at Barclays

Barclays analyst Raimo Lenschow raised the firm’s price target on Paycom to $167 from $161 and keeps an Equal Weight rating on the shares. The analyst says the company’s stable growth trends in Q2, a small growth acceleration in Q3 and Q4 guidance, plus healthy new customer momentum “deserve attention.”

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