Paychex (PAYX) is in advanced talks to acquire smaller payroll processing rival Paycor HCM (PYCR), people with knowledge of the matter told Bloomberg’s Liana Baker. Talks may still fall apart, but if they are successful a deal may be announced as soon as this week, said the sources.
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Read More on PYCR:
- Paycor HCM price target raised to $25 from $22 at Stifel
- Paycor HCM price target raised to $20 from $18 at Mizuho
- Paycor HCM upgraded to Outperform from Market Perform at BMO Capital
- Paycor HCM upgraded to Buy from Hold at TD Cowen
- Paycor HCM price target raised to $18 from $15 at TD Cowen
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