RBC Capital Upgrades Paychex (PAYX) to Sector Perform

RBC Capital upgraded Paychex (NASDAQ: PAYX) from Underperform to Sector Perform with a price target of $63.00.

Analyst Gary Bisbee believes the valuation is more fair following the recent pullback and believes it is now more difficult to argue for underperformance at the current valuation level.

For an analyst ratings summary and ratings history on Paychex click here. For more ratings news on Paychex click here.

Shares of Paychex closed at $61.59 Fridya.

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