PAYX: Analyst Opinion for Paychex, Inc. - Yahoo! Finance

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Analyst Opinion	Get Analyst Opinion for:

RECOMMENDATION SUMMARY*

Mean Recommendation (this week):	2.7
Mean Recommendation (last week):	2.7
Change:	0.0

* (Strong Buy) 1.0 - 5.0 (Sell)

Compare to Industry

PRICE TARGET SUMMARY

Mean Target:	29.35
Median Target:	29.50
High Target:	35.00
Low Target:	24.00
No. of Brokers:	13

Data provided by Thomson/First Call

UPGRADES & DOWNGRADES HISTORY

Date	Research Firm	Action	From	To
21-Oct-09	RBC Capital Mkts	Initiated		Sector Perform
18-Jun-09	JP Morgan	Downgrade	Neutral	Underweight
20-Apr-09	Citigroup	Initiated		Hold
13-Mar-09	UBS	Upgrade	Sell	Neutral
27-Jan-09	Bernstein	Downgrade	Outperform	Mkt Perform
10-Dec-08	Cowen & Co	Downgrade	Neutral	Underperform
15-Oct-08	Credit Suisse	Initiated		Neutral
18-Jul-08	Banc of America Sec	Initiated		Buy
26-Feb-08	Banc of America Sec	Downgrade	Buy	Neutral
14-Jan-08	UBS	Downgrade	Buy	Neutral

More Upgrades & Downgrades for PAYX

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RECOMMENDATION TRENDS

	Current Month	Last Month	Two Months Ago	Three Months Ago
Strong Buy	5	5	4	4
Buy	0	0	0	0
Hold	12	11	11	11
Underperform	2	2	2	2
Sell	1	1	1	1

Data provided by Thomson/First Call

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Fundamental company data provided by Capital IQ. Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page. Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quotes are delayed at least 15 minutes. Real-Time continuous streaming quotes are available through our premium service. You may turn streaming quotes on or off. Analyst opinion data (recommendation summary, price targets, coverage list) are provided by Thomson Financial Network, based solely upon research information provided by third party analysts. Yahoo! has not reviewed, and in no way endorses the validity of such data. Yahoo! and ThomsonFN shall not be liable for any actions taken in reliance thereon. Analyst Summary Information (upgrades/downgrades module) provided by Briefing.com. All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Neither Yahoo! nor any of independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. By accessing the Yahoo! site, you agree not to redistribute the information found therein.