UBS Maintains Neutral on Automatic Data Processing, Raises Price Target to $295
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Kevin Mcveigh maintains a Neutral rating on Automatic Data Processing (ADP) but raises the price target from $270 to $295.
October 22, 2024 | 2:03 pm
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UBS analyst Kevin Mcveigh maintains a Neutral rating on Automatic Data Processing (ADP) but raises the price target from $270 to $295.
The increase in the price target from $270 to $295 suggests a positive outlook on ADP's future performance, which could lead to a short-term positive impact on the stock price. However, the Neutral rating indicates that the analyst does not expect significant outperformance relative to the market.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100