Form 8-K PAYCHEX INC For: Mar 26
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Paychex (PAYX) PT Lowered to $63 at RBC Capital
March 27, 2018 6:34 AM EDTRBC 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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