ADP price target raised to $310 from $281 at Mizuho

Mizuho analyst Dan Dolev raised the firm’s price target on ADP (ADP) to $310 from $281 and keeps an Outperform rating on the shares. The analyst believes ADP’s success in revamping key products in the down- and mid-markets is a key reason for its better execution and performance. The company is well positioned for a similar turnaround at the enterprise level, the analyst tells investors in a research note.