Barclays Maintains Overweight on Automatic Data Processing, Raises Price Target to $285
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Ramsey El-Assal has maintained an Overweight rating on Automatic Data Processing (NASDAQ:ADP) and raised the price target from $275 to $285.
July 31, 2023 | 12:37 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Barclays has maintained an Overweight rating on ADP and raised the price target, indicating a positive outlook for the company.
The Overweight rating maintained by Barclays indicates that they believe ADP's stock will outperform the average market return. The increase in the price target from $275 to $285 suggests that Barclays sees potential for the stock's price to increase. This is likely to have a positive impact on the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100