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Fly News Breaks for December 18, 2019
PAYX
Dec 18, 2019 | 18:54 EDT
Jefferies analyst Samad Samana raised his price target on Paychex to $84 after its Q2 earnings beat and raised FY20 guidance. The analyst notes that while the company's Professional employer organization and Insurance Services segment results have been disappointing, its performance in Management Solutions was solid and carries more weight as it is a much larger segment. Samana still keeps a Hold rating on Paychex shares.
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