Deutsche Bank Starts ADP (ADP) at Hold; Investments Paying Solid Dividends
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Price: $273.50 +2.80%
Rating Summary:
5 Buy, 19 Hold, 4 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 6 | Down: 11 | New: 26
Rating Summary:
5 Buy, 19 Hold, 4 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 6 | Down: 11 | New: 26
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Deutsche Bank initiates coverage on ADP (NASDAQ: ADP) with a Hold. PT $52.00.
Deutsche analyst says, "We have been impressed with ADP’s recent investments which have worked in stimulating topline growth and taking market share. However, given the economic environment, we are concerned new sales growth that could fall under pressure. We believe any economic weakness will likely be more damaging than weak employment and further weakening interest rates."
For more ratings news on ADP click here and for the rating history of ADP click here.
Shares of ADP closed at $48.15 yesterday.
Deutsche analyst says, "We have been impressed with ADP’s recent investments which have worked in stimulating topline growth and taking market share. However, given the economic environment, we are concerned new sales growth that could fall under pressure. We believe any economic weakness will likely be more damaging than weak employment and further weakening interest rates."
For more ratings news on ADP click here and for the rating history of ADP click here.
Shares of ADP closed at $48.15 yesterday.
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