Barclays raised the firm’s price target on Paylocity (PCTY) to $231 from $214 and keeps an Equal Weight rating on the shares. The firm expects a positive reaction to Paylocity fiscal Q2 results, saying the setup was not overly difficult but the company delivered a stronger beat than Q1 and raised both the top and bottom-line guides by more than the Q2 beat levels.
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Read More on PCTY:
- Paylocity price target raised to $255 from $240 at Jefferies
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