Citigroup Maintains Neutral on Automatic Data Processing, Raises Price Target to $295
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Peter Christiansen maintains a Neutral rating on Automatic Data Processing (ADP) but raises the price target from $260 to $295.
September 25, 2024 | 5:58 pm
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POSITIVE IMPACT
Citigroup has maintained a Neutral rating on ADP but increased the price target from $260 to $295, indicating a positive outlook on the stock's potential value.
The increase in price target from $260 to $295 suggests that Citigroup sees potential for ADP's stock to appreciate, which is a positive signal for investors. However, the Neutral rating indicates that the analyst does not see a strong buy or sell opportunity, leading to a moderate positive impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100