Reported about 11 hours ago
Mizuho has increased the price target for Automatic Data Processing, Inc. (ADP) from $321.00 to $332.00 while maintaining an 'Outperform' rating. The firm is optimistic about ADP's strong performance and future prospects, highlighting its innovative product strategies and successful acquisition in Mexico to enhance global payroll capabilities. The company expects revenue growth of 6-7% and adjusted EBIT margins to improve by 40-50 basis points for FY 2025.
Source: YAHOO