Morgan Stanley Maintains Equal-Weight on Automatic Data Processing, Raises Price Target to $260
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst James Faucette has maintained an Equal-Weight rating on Automatic Data Processing (NASDAQ:ADP) and raised the price target from $240 to $260.
July 27, 2023 | 3:48 pm
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Morgan Stanley has maintained an Equal-Weight rating on ADP and raised the price target from $240 to $260. This could potentially lead to an increase in the stock's price.
The raised price target by Morgan Stanley indicates a positive outlook for ADP. This could lead to increased investor confidence and potentially an increase in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100