Paycom price target raised to $175 from $170 at Jefferies

Jefferies analyst Samad Samana raised the firm’s price target on Paycom (PAYC) to $175 from $170 and keeps a Hold rating on the shares. Paycom beat consensus for total revenue and EBITDA an while the midpoint of the Q4 revenue outlook did miss consensus, the firm’s investor conversations “suggested many were braced for it,” the analyst says in a post-earnings note.