Shares of Paychex were falling on Wednesday after the company received a downgrade from Bank of America which blamed “excessive valuation” and “underwhelming fundamentals.” The stock fell 3.57% after the bank cut its rating on the employment services company from “neutral” to “underperform.” Bank of America research analyst Jason Kupferberg said that the has already … Continue reading “Shares of Paychex Tumble on Bank of America Downgrade”
