UBS makes a bullish call on Paychex (PAYX +2.3%), initiating shares with a Buy rating and $37...

UBS makes a bullish call on Paychex (PAYX +2.3%), initiating shares with a Buy rating and $37 price target. Analysts gush over the prospects for the company, saying that it's a "compelling" outside the box opportunity that will eventually benefit from higher interest rates.