Paycor HCM price target raised to $19 from $15 at BMO Capital

BMO Capital analyst Daniel Jester raised the firm’s price target on Paycor HCM (PYCR) to $19 from $15 and keeps a Market Perform rating on the shares. The company delivered better-than-expected upside in Q1 with the largest “core” beat in a year, continuing a set of payroll sector results that showed some stabilization following the slowing over the past two years, the analyst tells investors in a research note.