Paycor HCM price target lowered to $14 from $18 at Jefferies

Jefferies lowered the firm’s price target on Paycor HCM to $14 from $18 and keeps a Hold rating on the shares. The company’s customers declined to 30,600 from 30,700 in fiscal Q1 and 30,800 in Q1 due to higher churn among micro small businesses added during the pandemic boom years, the analyst tells investors in a research note. The firm updated the company’s model.