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Paychex price target raised to $158 from $145 at Citi

Citi raised the firm’s price target on Paychex (PAYX) to $158 from $145 and keeps a Neutral rating on the shares. The firm says the company’s fiscal Q3 results were mostly in-line with expectations. Client retention remains robust, bookings growth commentary was positive, the analyst tells investors in a research note.

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