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JPMorgan Downgrades Automatic Data Processing (ADP) to Neutral

June 18, 2009 11:12 AM EDT
ADP Hot Sheet
Rating Summary:
    2 Buy, 3 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 16 | Down: 7 | New: 23
JPMorgan downgrades Automatic Data Processing (NYSE: ADP) from Overweight to Neutral.

Shares of ADP are down about 2.5% on the call today. JPMorgan also downgraded another stock within the payroll group. To see all the action by analysts at JPMorgan, visit our Entity page for the firm.

Automatic Data Processing, Inc. provides technology-based outsourcing solutions to employers, vehicle retailers, and manufacturers.

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