Wells Fargo Downgrades Paychex (PAYX) to Market Perform; Valuation Call

December 9, 2010 7:34 AM EST Send to a Friend
Wells Fargo downgraded Paychex (NASDAQ: PAYX) from Outperform to Market Perform. Valuation Range: $31-$33.

Wells analyst says, "We believe PAYX ...

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