TD Cowen lowered the firm’s price target on ADP (ADP) to $208 from $255 and keeps a Hold rating on the shares. The firm updated its model to account for the latest Fed Funds rate expectations, foreign exchange, and thoughts ahead of Q3 results.
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Read More on ADP:
- ADP: Limited Upside Despite Modest Earnings Tailwind from Improved Float Income and FX/Rate Assumptions
- ADP price target lowered to $214 from $262 at Wells Fargo
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