Paychex Reaches Analyst Target Price
April 21, 2017 at 09:13 AM EDT
In recent trading, shares of Paychex Inc (PAYX) have crossed above the average analyst 12-month target price of $58.44, changing hands for $58.65/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level..