Stifel Reiterates Hold on Automatic Data Processing, Maintains $250 Price Target
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst David Grossman has reiterated a Hold rating on Automatic Data Processing (NASDAQ:ADP) and maintained a price target of $250.
November 30, 2023 | 8:24 pm
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Stifel analyst David Grossman reaffirmed a Hold rating on ADP with a price target of $250, indicating no immediate change in valuation.
The reiteration of a Hold rating with an unchanged price target suggests that the analyst sees no new catalysts that could significantly affect ADP's stock price in the short term. The rating indicates a neutral stance on the stock's current valuation.
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