UBS Downgrades Paychex (PAYX) to Sell

October 13, 2008 1:55 PM EDT

UBS downgrades Paychex (Nasdaq: PAYX) from Neutral to Sell.

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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