Mizuho Maintains Buy on Automatic Data Processing, Lowers Price Target to $255
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst Dan Dolev has maintained a 'Buy' rating on Automatic Data Processing (NASDAQ:ADP) but lowered the price target from $285 to $255.

October 30, 2023 | 6:59 pm
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NEUTRAL IMPACT
Mizuho has maintained a 'Buy' rating on ADP but lowered the price target from $285 to $255.
While Mizuho's 'Buy' rating indicates a positive outlook for ADP, the lowered price target could suggest a slower growth rate than previously expected. This might have a neutral impact on the stock's short-term price as the positive and negative signals balance each other out.
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IMPORTANCE 80
RELEVANCE 100