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Paychex (PAYX) Gets a Hold Rating from Deutsche Bank

In a report issued on March 30, Bryan Keane from Deutsche Bank maintained a Hold rating on Paychex (PAYXResearch Report), with a price target of $145.00. The company’s shares closed last Thursday at $136.47, close to its 52-week high of $138.97.

According to TipRanks.com, Keane is a 5-star analyst with an average return of 14.6% and a 68.9% success rate. Keane covers the Technology sector, focusing on stocks such as Automatic Data Processing, Fidelity National Info, and Rackspace Technology.

Currently, the analyst consensus on Paychex is a Hold with an average price target of $137.00, a -0.7% downside from current levels. In a report released yesterday, Morgan Stanley also maintained a Hold rating on the stock with a $140.00 price target.

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The company has a one-year high of $138.97 and a one-year low of $92.74. Currently, Paychex has an average volume of 1.89M.

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Paychex, Inc. is one of the leading providers of integrated human capital management solutions in the United States and Europe. The company offers human resource, payroll, retirement, and insurance services for organizations of any size, from startup to enterprise.

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