Goldman Sachs Removed Paychex (PAYX) from its Conviction Sell List

August 10, 2009 9:08 AM EDT

Goldman Sachs removed Paychex Inc. (Nasdaq: PAYX) from its Conviction Sell List, but maintains its Sell rating and $22 price target.

Paychex, Inc., together with its subsidiaries, provides payroll, human resource, and benefits outsourcing solutions for small- to medium-sized businesses in the United States and Germany.


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