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Stock impact report

Cantor Fitzgerald Says Macro Risks May Be Overstated for Automatic Data Processing (ADP) [Yahoo! Finance]

Automatic Data Processing, Inc. (ADP) 
Last automatic data processing, inc. earnings: 4/29 06:56 am Check Earnings Report
US:NASDAQ Investor Relations: investors.adp.com
Company Research Source: Yahoo! Finance
Cantor Fitzgerald Says Macro Risks May Be Overstated for Automatic Data Processing (ADP) On April 21, Cantor Fitzgerald lowered the firm's price recommendation on Automatic Data Processing, Inc. (NASDAQ:ADP) to $244 from $306. It reiterated an Overweight rating on the shares. Despite concerns about a broader macro slowdown, the analyst said recent bank results and company commentary point to relatively stable consumer spending. The note added that while thematic headwinds have weighed on the sector, these risks appear overstated. Q1 estimates look largely achievable, with forward guidance and developments in the Middle East expected to act as key catalysts. On April 7, BMO Capital analyst Daniel Jester lowered the firm's price goal on ADP to $234 from $281 and kept a Market Perform rating on the shares. The update came as part of a broader research note previewing Q1 in Human Capital Management (HCM). Shares have been soft heading into Q3 results due later this month. This reflec Show less Read more
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