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Paychex (PAYX -2.9%) shares sink as FQ1 revenues fall short of expectations amid difficulty...

Paychex (PAYX -2.9%) shares sink as FQ1 revenues fall short of expectations amid difficulty attracting new business in the sluggish jobs market. Following the results, Citibank downgrades PAYX to Sell, noting it sees "limited near-term catalysts for the stock given our expectation for meager job growth and low interest rates."
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