B of A Securities Upgrades Automatic Data Processing to Neutral, Raises Price Target to $243
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Jason Kupferberg upgraded Automatic Data Processing (ADP) from Underperform to Neutral and increased the price target from $217 to $243.
January 17, 2024 | 12:09 pm
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Automatic Data Processing (ADP) was upgraded by B of A Securities from Underperform to Neutral with a raised price target from $217 to $243.
Upgrades by analysts can lead to increased investor confidence and can result in a positive short-term price movement. The raise in price target further supports the potential for stock appreciation.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100