UBS Initiates Coverage On Automatic Data Processing with Neutral Rating, Announces Price Target of $230
Portfolio Pulse from richadhand@benzinga.com
UBS analyst Rayna Kumar initiates coverage on Automatic Data Processing (NASDAQ:ADP) with a Neutral rating and announces a price target of $230.
June 02, 2023 | 9:37 am
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UBS analyst Rayna Kumar initiates coverage on Automatic Data Processing with a Neutral rating and a price target of $230.
The initiation of coverage by UBS with a Neutral rating suggests that the analyst sees limited upside potential for ADP in the short term. The price target of $230 indicates the analyst's expectation for the stock's future performance. This news is directly related to ADP and is important for investors, but the Neutral rating suggests a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100