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Wells Fargo Cuts Price Target on Automatic Data Processing (ADP), Flags Multiple Compression [Yahoo! Finance]
Last automatic data processing, inc. earnings: 4/29 06:56 am
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US:NASDAQ Investor Relations: investors.adp.com
Wells Fargo Cuts Price Target on Automatic Data Processing (ADP), Flags Multiple Compression Photo by Vitaly Taranov on Unsplash On March 27, Wells Fargo lowered its price recommendation on Automatic Data Processing, Inc. (NASDAQ:ADP) to $214 from $262. It reiterated an Underweight rating on the stock. The firm pointed to compression in comparable group multiples as the reason for the change. During the fiscal Q2 2026 earnings call, Peter Hadley, the Chief Financial Officer, said the company was raising its fiscal 2026 consolidated revenue outlook to about 6% growth. He noted that the expectation for adjusted EBIT margin expansion remained unchanged at 50 to 70 basis points. He added that the company was also increasing its adjusted EPS growth forecast to between 9% and 10%, mentioning that share repurchases would help support this improvement. The company also raised its Employer Services revenue growth outlook to roughly 6% for the full year. At the same time, it maintained
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- TD Cowen Trims ADP Target to $208 Ahead of Q3, Maintains Hold [Yahoo! Finance][Yahoo! Finance]
- ADP National Employment Report: Private Sector Employment Increased by 62,000 Jobs in March; Annual Pay was Up 4.5% [TheStreet.com][TheStreet.com]
- ADP National Employment Report: Private Sector Employment Increased by 62,000 Jobs in March; Annual Pay was Up 4.5%[PR Newswire]
- Automatic Data Processing (ADP) had its price target lowered by Wells Fargo & Company from $262.00 to $214.00. They now have an "underweight" rating on the stock.[MarketBeat]
- FlatironDragados JV secures $691m USACE contract for Howard Hanson Dam [Yahoo! Finance][Yahoo! Finance]
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SEC Filings
SEC Filings
- 3/26/26 - Form SCHEDULE
- 3/17/26 - Form 4
- 3/16/26 - Form 144
- ADP's page on the SEC website
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