Jefferies Maintains Hold on Automatic Data Processing, Raises Price Target to $290
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst Samad Samana maintains a Hold rating on Automatic Data Processing (ADP) and raises the price target from $260 to $290.
October 22, 2024 | 1:09 pm
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Jefferies analyst Samad Samana maintains a Hold rating on ADP and raises the price target from $260 to $290, indicating a positive outlook.
The increase in price target from $260 to $290 by Jefferies suggests a positive outlook for ADP, which could lead to a short-term price increase. However, the Hold rating indicates a neutral stance on immediate buying, balancing the impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100