Barclays Maintains Overweight on Automatic Data Processing, Raises Price Target to $282
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Ramsey El-Assal has maintained an Overweight rating on Automatic Data Processing (ADP) and increased the price target from $280 to $282.
May 02, 2024 | 2:22 pm
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Barclays analyst Ramsey El-Assal has maintained an Overweight rating on Automatic Data Processing (ADP) and increased the price target from $280 to $282.
The increase in price target by Barclays reflects a positive outlook on ADP, suggesting confidence in the company's future performance. This analyst endorsement could lead to increased investor confidence and potentially drive up ADP's stock price in the short term.
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