Paychex (PAYX) volatility flat; share rally off of six-month lows into Q4 results

June 22, 2011 3:24 PM EDT
Paychex (Nasdaq: PAYX) is expected to release Q4 results after the close today. RBC Capital Markets reiterated its Sector Perform rating and has a target price of $34 on PAYX. July and September put option implied volatility of 22 is near its six-month average of 20 according to Track Data.


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