Barclays Maintains Overweight on Automatic Data Processing, Lowers Price Target to $280
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Ramsey El-Assal has maintained an Overweight rating on Automatic Data Processing (NASDAQ:ADP) but lowered the price target from $285 to $280.
October 26, 2023 | 10:53 am
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NEUTRAL IMPACT
Barclays has maintained an Overweight rating on ADP but lowered the price target from $285 to $280.
The news is directly about ADP and is important for investors as it provides an updated price target from a major financial institution. However, the impact on the stock price is neutral in the short term as the price target has been slightly lowered, but the Overweight rating has been maintained.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100