JPMorgan Downgrades Automatic Data Processing (ADP) to Neutral

June 18, 2009 11:12 AM EDT

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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