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Asia-Pacific Markets Mixed Amid Jefferies’ Analyst Adjustments and Indian Rupee Weakness
Stock Market News· 2025-10-13 04:08
Company Adjustments - Jefferies has lowered its price target for Paycom Software Inc. (PAYC) to $225 from $250, reflecting a revised outlook for the payroll software provider [2][8] - Other analysts have price targets for Paycom ranging from $220.00 to $290.00, with an average around $252.00 to $257.27 [2] - Jefferies initiated coverage on TransMedics Group Inc. (TMDX) with a Buy rating and a price target of $145, aligning with other analysts' positive assessments [3][8] - Piper Sandler also maintains a Buy rating and a $145 target for TransMedics, having recently raised it from $105 [3] - Oppenheimer raised its price target for TransMedics to $150 from $130, maintaining an Outperform rating [3] Market Overview - The Indian Rupee opened weaker at 88.75 against the US Dollar, continuing a trend of depreciation influenced by foreign fund outflows and trade tensions [4][8] - India's 10-year benchmark government bond yield saw a slight decrease, opening at 6.5241% against a previous close of 6.5370% [5][8] - Asia-Pacific markets showed mixed performance, with some indices gaining while others experienced declines amid ongoing geopolitical and economic developments [6][8]