JP Morgan Maintains Underweight on Automatic Data Processing, Raises Price Target to $285
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Tien-Tsin Huang maintains an Underweight rating on Automatic Data Processing (ADP) but raises the price target from $250 to $285.
August 20, 2024 | 2:10 pm
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JP Morgan has maintained an Underweight rating on ADP, indicating a cautious stance, but has raised the price target to $285, suggesting some positive outlook.
The Underweight rating suggests JP Morgan is cautious about ADP's performance relative to the market. However, the increased price target to $285 indicates some positive expectations for ADP's future performance. This mixed signal may lead to neutral short-term price movement.
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