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Fly News Breaks for May 5, 2015
ADP
May 5, 2015 | 08:52 EDT
After ADP reported stronger than expected Q3 results, Argus says that the company's growth is accelerating, in conjunction with the improvement in the country's nonfarm payrolls. The firm keeps a Buy rating on the shares.
News For ADP From the Last 2 Days
ADP
Mar 26, 2024 | 08:08 EDT
Evercore ISI raised the firm's price target on ADP to $235 from $227 and keeps an Underperform rating on the shares. February U.S. payment volume growth accelerated following a soft January, with commentary from Visa (V) pointing to quarter-to-date U.S. payment volume growth through February 21 in line with the Q4 rate of 5%, the analyst tells investors. Overall, calendar Q1 data points reflect a U.S. soft-landing scenario, supporting continued, stable payment volume growth, and creating a favorable set up for most of the payment companies the firm covers, the analyst added in a Q1 preview note for the payments, processors and IT services group.