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ADP

ADP

$111.10

-0.48 (-0.43%)

13:21
08/17/17
08/17
13:21
08/17/17
13:21

ADP will have difficulty reaching Pershing's margin goal, says Evercore ISI

Evercore ISI analyst David Togut believes Pershing Square today made a "strong case" for EBIT margin expansion at ADP. The analyst, however, believes 1,200 basis points of EBIT margin expansion by fiscal year 2022 will be "very difficult to achieve." Togut keeps an In Line rating on ADP with a $115 price target.

  • 17

    Aug

  • 11

    Sep

ADP ADP
$111.10

-0.48 (-0.43%)

08/17/17
SBSH
08/17/17
NO CHANGE
Target $110
SBSH
Neutral
ADP placed on positive Catalyst Watch list at Citi
Citi analyst Ashwin Shirvaikar placed on ADP on its 90-day positive Catalyst Watch list while raising his price target for the shares to $110 from $98. The analyst keeps a Neutral rating on the name. Regardless of the outcome with Pershing Square, ADP will "tighten up its planning, delivery and operations in order to show it offers a better/safer alternative," Shirvaikar tells investors in a research note. He believes this should lead to a higher "base case" outcome for ADP, or $110 per share.
08/16/17
JPMS
08/16/17
NO CHANGE
Target $99
JPMS
Neutral
ADP 'reasonably priced' ahead of Pershing webcast, says JPMorgan
JPMorgan analyst Tien-tsin Huang views ADP as "reasonably priced" ahead of Pershing Sqaure's activist webcast tomorrow morning. Pershing's involvement, however, could be a "net win" for the company longer-term, Huang tells investors in a research note. The analyst keeps a Neutral rating on ADP with a $99 price target.
08/14/17
STFL
08/14/17
NO CHANGE
Target $108
STFL
Hold
Stifel analysis suggests ADP's margins are 'reasonable'
Stifel analyst David Grossman says that while he looks forward to Pershing Square's presentation Thursday, his analysis suggests ADP's margins are "reasonable" based on its business model and current mix of business. Management and the board has worked hard to balance growth and profitability against stability, Grossman tell investors in a research note partially titled, "They May Have a Case, Though Not Immediately Obvious to Us." The analyst believes any effort to improve margins will need to be viewed in the context of that trade-off. He also questions how much near-term opportunity has already been priced in the shares post Pershing's involvement. Grossman has a Hold rating on ADP with a $108 price target.
08/03/17
08/03/17
DOWNGRADE
Target $100

Underweight
ADP downgraded to Underweight at Morgan Stanley
As previously reported, Morgan Stanley downgraded ADP to Underweight from Equal Weight and raised its price target to $100 from $98. Analyst Danyal Hussain said there are not quick "fixes" to ADP's strategy, even with an activist investor, as margin expansion opportunities are limited and notes the stock has been pricing in improving fundamentals, which are likely to disappoint.

TODAY'S FREE FLY STORIES

REV

Revlon

$17.15

1.15 (7.19%)

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GLNG

Golar LNG

$21.04

-0.41 (-1.91%)

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EWW

iShares MSCI Mexico

$55.84

-0.07 (-0.13%)

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ICON

Iconix Brand

$5.88

0.19 (3.34%)

14:29
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  • 28

    Sep

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General news
Puebla, Mexico hit by 7.1 magnitude earthquake »

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$NSD

NASDAQ Market Internals

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SAIC

SAIC

$64.20

0.92 (1.45%)

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$NYE

NYSE Market Internals

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NYSE market internals summary »

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UNIT

Uniti Group

$17.47

-0.93 (-5.05%)

14:15
09/19/17
09/19
14:15
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14:15
Options
Uniti Group put volume heavy and directionally bearish »

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  • 02

    Oct

POR

Portland General Electric

$46.57

0.21 (0.45%)

14:15
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09/19
14:15
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14:15
Recommendations
Portland General Electric analyst commentary  »

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VOLVY

Volvo

14:01
09/19/17
09/19
14:01
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14:01
Periodicals
Volvo to expand South Carolina production plant, CNBC reports »

Volvo is adding an…

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PETS

PetMed Express

$35.81

0.25 (0.70%)

13:55
09/19/17
09/19
13:55
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13:55
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PetMed lower after unverified Twitter user mentions SEC investigation »

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BBY

Best Buy

$53.68

-3.6695 (-6.40%)

13:55
09/19/17
09/19
13:55
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13:55
Conference/Events
Best Buy to host investor day »

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  • 19

    Sep

  • 22

    Oct

XOP

SPDR Oil Exploration and Production Fund

$32.01

-0.1011 (-0.31%)

13:50
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09/19
13:50
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13:50
Options
Call buying in SPDR Oil Exploration and Production ETF »

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TOSBF

Toshiba, also use TOSYY

$2.88

-0.0001 (-0.00%)

, TOSYY

Toshiba, also use TOSBF

$17.25

-0.1699 (-0.98%)

13:49
09/19/17
09/19
13:49
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13:49
Periodicals
Toshiba back to favoring Western Digital group for chip unit sale, Reuters says »

Toshiba (TOSBF, TOSYY) …

TOSBF

Toshiba, also use TOSYY

$2.88

-0.0001 (-0.00%)

TOSYY

Toshiba, also use TOSBF

$17.25

-0.1699 (-0.98%)

WDC

Western Digital

$89.18

0.66 (0.75%)

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SSTI

ShotSpotter

$10.88

0.01 (0.09%)

13:46
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ShotSpotter announces expansion to seven new U.S. cities »

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VLO

Valero

$73.10

0.9 (1.25%)

13:45
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Periodicals
Crews battling fire at Valero refinery in Port Arthur, News4SA reports »

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  • 26

    Oct

GIS

General Mills

$55.32

-1.11 (-1.97%)

13:34
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Earnings
Notable companies reporting before tomorrow's open »

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  • 20

    Sep

WDC

Western Digital

$89.18

0.66 (0.75%)

, TOSBF

Toshiba, also use TOSYY

$2.88

-0.0001 (-0.00%)

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Breaking Hot Stocks news story on Western Digital, Toshiba, also use TOSYY, Toshiba, also use TOSBF »

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WDC

Western Digital

$89.18

0.66 (0.75%)

TOSBF

Toshiba, also use TOSYY

$2.88

-0.0001 (-0.00%)

TOSYY

Toshiba, also use TOSBF

$17.25

-0.1699 (-0.98%)

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ADBE

Adobe

$155.77

1.28 (0.83%)

, FDX

FedEx

$215.84

0.76 (0.35%)

13:34
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09/19
13:34
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13:34
Earnings
Notable companies reporting after market close »

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ADBE

Adobe

$155.77

1.28 (0.83%)

FDX

FedEx

$215.84

0.76 (0.35%)

CPRT

Copart

$32.86

0.34 (1.05%)

BBBY

Bed Bath & Beyond

$27.30

-1.37 (-4.78%)

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  • 19

    Sep

  • 19

    Sep

  • 19

    Sep

  • 20

    Sep

  • 21

    Sep

  • 25

    Sep

  • 22

    Oct

TOSBF

Toshiba, also use TOSYY

$2.88

-0.0001 (-0.00%)

, WDC

Western Digital

$89.18

0.66 (0.75%)

13:33
09/19/17
09/19
13:33
09/19/17
13:33
Periodicals
Toshiba prefers Western Digital's bid for chip business, Reuters reports »

Toshiba (TOSBF) is…

TOSBF

Toshiba, also use TOSYY

$2.88

-0.0001 (-0.00%)

WDC

Western Digital

$89.18

0.66 (0.75%)

03/08/13
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CALD

Callidus Software

$26.05

0.55 (2.16%)

13:31
09/19/17
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13:31
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13:31
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Callidus Software acquires multi-model database technology provider OrientDB »

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  • 19

    Sep

PTLA

Portola Pharmaceuticals

$56.57

1.62 (2.95%)

13:31
09/19/17
09/19
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Portola Pharmaceuticals analyst commentary  »

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  • 02

    Feb

BABA

Alibaba

$179.87

-0.11 (-0.06%)

13:30
09/19/17
09/19
13:30
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13:30
Options
Alibaba attracts a bullish option play »

Alibaba attracts a…

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HTZ

Hertz

$21.33

-0.05 (-0.23%)

13:25
09/19/17
09/19
13:25
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13:25
Options
Hertz call volume above normal and directionally bullish »

Bullish option flow…

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