Jefferies raised the firm’s price target on ADP (ADP) to $315 from $305 and keeps a Hold rating on the shares after a “solid” Q4 report. The FY26 revenue growth outlook of 5%-6% was below ADP’s mid-term target, but overall guidance still met consensus, notes the analyst, who adds that the while the report was “not perfect in absolute terms,” it was solid “on a relative basis” versus what was feared after the report from Paychex (PAYX).
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