Wolfe Research Upgrades Automatic Data Processing to Peer Perform
Portfolio Pulse from Benzinga Newsdesk
Wolfe Research analyst Darrin Peller has upgraded Automatic Data Processing (ADP) from Underperform to Peer Perform. This change in rating could influence investor sentiment and potentially impact ADP's stock price in the short term.
January 04, 2024 | 12:09 pm
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Automatic Data Processing (ADP) has been upgraded by Wolfe Research from Underperform to Peer Perform, which may lead to positive investor sentiment and a potential increase in the stock price.
Analyst upgrades typically lead to positive sentiment among investors as it suggests improved performance or outlook for the company. Wolfe Research's upgrade of ADP to Peer Perform indicates a neutral to positive change in the company's assessment, which could result in increased investor confidence and a potential uptick in ADP's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100