Paychex, Inc. (NASDAQ:PAYX) Price Target Adjusted by Jefferies

Core Viewpoint - Jefferies has adjusted its price target for Paychex, Inc. to $110, indicating a potential downside from the current trading price of $112.28 [1][2][5] Financial Performance - During the Q2 2026 earnings call, key figures from Paychex discussed the company's financial performance and strategic direction, with participation from analysts at major financial institutions [3] - Paychex's market capitalization is approximately $40.44 billion, reflecting its significant presence in the industry [4][5] Stock Performance - The stock experienced a decrease of about 1.72% during the trading day, dropping by $1.96, with a trading range between $109.03 and $114.12 [2][5] - Today's trading volume reached 11,297,629 shares, indicating active investor interest in PAYX [4] Market Volatility - The stock's 52-week range shows a high of $161.24 and a low of $108, indicating considerable volatility in its price [4][5]