Market Overview

Morgan Stanley Remains Confident In Automatic Data Processing Following Management Meeting

Share:
Related ADP
Earnings Scheduled For April 28, 2016
5 Strong Growth S&P 500 Stocks To Ride Best Rally Since 2014
Businesses and Employees Agree: Health Benefits Are Do-or-Die in the War for Talent (GuruFocus)

In a report published Thursday, Morgan Stanley analyst Smittipon Srethapramote reiterated an Equal-Weight rating on Automatic Data Processing (NASDAQ: ADP).

In the report, Morgan Stanley noted, “We hosted a lunch with ADP CFO Jan Siegmund and EVP of Worldwide Sales and Marketing Ed Flynn. Our key takeaways: ADP is confident that recently enhanced R&D has made its products more competitive with SaaS players; and the ACA is providing tailwinds with clients big and small.”

Automatic Data Processing closed on Wednesday at $78.83.

Latest Ratings for ADP

DateFirmActionFromTo
May 2016Argus ResearchMaintainsBuy
Apr 2016Compass PointInitiates Coverage onSell
Feb 2016UBSUpgradesNeutralBuy

View More Analyst Ratings for ADP
View the Latest Analyst Ratings

Posted-In: Morgan Stanley Smittipon SrethapramoteAnalyst Color Reiteration Analyst Ratings

 

Related Articles (ADP)

View Comments and Join the Discussion!