BofA Securities raised the price target for the Paychex Inc. (NASDAQ:PAYX) stock from ‘an Underperform’ to ‘a Neutral’. The rating was released on March 09, 2023, according to finviz. We previously noted in another research note published on January 11, 2023 by Cowen that upgraded the stock from a Market perform to an Outperform with a price target of $145 for PAYX stock. The research report from Citigroup has downgraded the stock from Buy to Neutral, with a price target set at $125. The stock was downgraded by Citigroup, who disclosed in a research note on October 05, 2021, from Buy to Neutral and set the price objective to $125.