Goldman Sachs Added Paychex (PAYX) to Conviction Sell List
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Goldman Sachs added Paychex (Nasdaq: PAYX) to its Conviction Sell List. The firm price target was lifted from $20 to $23.
Shares of PAYX closed at $28.32 yesterday, leaving 19% downside to Goldman's target price.
Paychex, Inc., together with its subsidiaries, provides payroll, and integrated human resource and employee benefits outsourcing solutions for small- to medium-sized businesses in the United States.
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