RBC Capital Reiterates Sector Perform on Automatic Data Processing, Maintains $267 Price Target
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Ashish Sabadra has reiterated a 'Sector Perform' rating on Automatic Data Processing (ADP) and maintained a price target of $267.
February 01, 2024 | 3:40 pm
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RBC Capital maintains a 'Sector Perform' rating on ADP with a $267 price target.
The reiteration of the 'Sector Perform' rating and the maintenance of the price target at $267 by RBC Capital suggests a neutral outlook on ADP's stock in the short term. This indicates that the analyst believes ADP is fairly valued at its current price and does not expect significant price movement in either direction based on current information.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 90