** Payroll services provider Paychex's PAYX.O shares rise 1.2% to $101.79

** Citigroup upgrades PAYX to "buy" from "neutral;" raises PT to $140 from $99, implying a 31.9% upside to the stock's last close

** "Industry insights are showing AI solutions driving higher client retention, new pricing opportunities, and lowering delivery costs for PAYX" - Brokerage

** Citi says the macro environment is "becoming a slight tailwind due to higher new business starts and steady-to-falling bankruptcy rates"

** Average rating of 19 analysts is "hold;" their median PT is $102 - data compiled by LSEG

** Stock down 9.3% YTD