Truist analyst Terry Tillman keeps a Buy rating on Paycor HCM (PYCR) with a $20 price target after Bloomberg reported that Paychex (PAYX) is in advanced talks to acquire Paycor. Truist would not be surprised about interest from either strategic or financial buyers “owing to the scarcity value of the Paycor asset.” In the meantime, the firm remains positive on Paycor fundamentals, saying the company represents one of its “Profit Priority Picks” investment ideas. Paycor HCM shares are up 23%, or $4.21, to $22.75 in morning trading.
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