RBC Capital Initiates Coverage On Automatic Data Processing with Sector Perform Rating, Announces Price Target of $267
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Gary Bisbee has initiated coverage on Automatic Data Processing (NASDAQ:ADP) with a Sector Perform rating and a price target of $267.
September 05, 2023 | 12:14 pm
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RBC Capital has initiated coverage on ADP with a Sector Perform rating and a price target of $267, which could influence investor sentiment.
The initiation of coverage by RBC Capital, a major financial institution, could influence investor sentiment towards ADP. However, the 'Sector Perform' rating suggests that the stock is expected to perform in line with the sector average, which may not necessarily lead to significant price movement in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100