StockNews.com initiated coverage on shares of Paychex ( NASDAQ:PAYX – Free Report ) in a report released on Thursday morning. The firm issued a hold rating on the business services provider's stock. Other equities analysts have also issued research reports about the stock. SpectralCast reaffirmed a reiterates rating on shares of Paychex in a research note on Friday, June 30th. Morgan Stanley reaffirmed an equal weight rating and issued a $125.00 price objective on shares of Paychex in a research note on Friday, June 30th.

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