3M restated their initiates rating on shares of Paychex ( NASDAQ:PAYX – Get Rating ) in a report released on Friday morning, Benzinga reports. PAYX has been the topic of a number of other research reports. Bank of America lowered shares of Paychex from a neutral rating to an underperform rating and cut their target price for the company from $119.00 to $105.00 in a research report on Monday, April 3rd. JPMorgan Chase & Co. lifted their target price on shares of Paychex from $119.00 to $123.

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