TD Cowen Maintains Hold on Automatic Data Processing, Raises Price Target to $285
Portfolio Pulse from Benzinga Newsdesk
TD Cowen analyst Bryan Bergin maintains a Hold rating on Automatic Data Processing (ADP) and raises the price target from $276 to $285.
November 01, 2024 | 6:46 pm
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TD Cowen analyst Bryan Bergin maintains a Hold rating on ADP and raises the price target from $276 to $285, indicating a positive outlook.
The increase in the price target from $276 to $285 suggests a positive outlook for ADP, which could lead to a short-term increase in stock price. However, the Hold rating indicates that the analyst does not see a strong buy opportunity, balancing the impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100