Mizuho raised the firm’s price target on ADP to $265 from $255 and keeps a Buy rating on the shares. The company reported strong fiscal Q2 results but potential risk from interest rate cuts and recent corporate layoff announcements remain key debates, the analyst tells investors in a research note. The firm remains bullish on ADP.
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Read More on ADP:
- ADP Reports Second Quarter Fiscal 2024 Results
- ADP sees FY24 adjusted EPS growth 10%-12%, consensus $9.12
- ADP reports Q2 adjusted EPS $2.13, consensus $2.10
- Notable companies reporting before tomorrow’s open
- ADP Earnings this Week: How Will it Perform?
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