Paychex (PAYX) Message Board

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Technology Stocks : Paychex (PAYX)

PAYX 112.18

-1.1%

Dec 31 3:59 PM EST

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To: lofalutin who wrote (203)	12/11/1999 12:13:00 PM
From: Beltropolis Boy	Read Replies (1) of 210

fwiw ... ----- USA: RESEARCH ALERT - PaineWebber starts Paychex at buy 12/10/1999 Reuters English News Service NEW YORK, Dec 10 (Reuters) - PaineWebber said on Friday it started coverage of Paychex Inc. , a provider of payroll services, with a buy rating. - said 12-month price target is $50-55. - said the small business payroll market is huge and untapped, as less than 30 percent of companies outsource payroll today. - said Paychex is leader with critical mass, economies of scale, and multitude of key partnership channels. - said cross-selling of higher-margin and higher-growth services to core payroll customers fuels growth. - said high degree of recurring revenue offers excellent earnings visibility and shareholder value. - shares of Paychex closed on Thursday at 41-5/16 on Nasdaq.

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