Paychex Launches Digital Employee Benefits Marketplace

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BofA Securities Reiterates Underperform Rating on Paychex (PAYX)

August 19, 2024 9:40 AM EDT

BofA Securities analyst Jason Kupferberg reiterated an Underperform rating and $113.00 price target on Paychex (NASDAQ: PAYX)

The analyst comments "Recent fundamental data points suggest ongoing pressure on SMB payrolls, and we see more downside risk than upside opportunity to F25... More