Paychex, Inc. Reports Third Quarter Results
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March 27, 2018 7:42 AM EDT
Stifel lowered its price target on Paychex (NASDAQ: PAYX) to $66.00 (from $68.00) while maintaining a Hold rating following 3Q earnings release. PAYX closed down 0.83% versus the S&P up 2.72% most likely reflecting the initiation of FY19 guidance which was in line on revenue, but... More
March 27, 2018 6:34 AM EDT
RBC Capital lowered its price target on Paychex (NASDAQ: PAYX) to $63.00 (from $65.00) while maintaining an Underperform rating.
Analyst Gary Bisbee called the Q3 results "solid" but said spending to pressure FY19 profits.
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March 26, 2018 11:24 AM EDT
Evercore ISI analyst David Togut lowered estimates and his price target on Paychex (NASDAQ: PAYX) to $69.00 (from $74.00) while maintaining an In-Line rating after adjusted operating income and EPS fell short of our estimate driven by a one-time bonus paid to non-management employees, which added... More
