UBS Initiates Coverage On Automatic Data Processing with Neutral Rating, Announces Price Target of $235
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Kevin Mcveigh has initiated coverage on Automatic Data Processing (NASDAQ:ADP) with a Neutral rating and a price target of $235.
November 07, 2023 | 2:29 pm
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NEUTRAL IMPACT
UBS has initiated coverage on ADP with a Neutral rating and a price target of $235.
The initiation of coverage by UBS with a Neutral rating suggests that the analyst sees the stock as fairly valued at current levels. The price target of $235 indicates where the analyst believes the stock will trade in the near term. This news is directly relevant to ADP and could influence investor sentiment, but it's not necessarily a strong buy or sell signal, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100