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ADP

ADP

$101.70

0.35 (0.35%)

05:41
07/18/17
07/18
05:41
07/18/17
05:41

ADP downgraded to Equal Weight from Overweight at Barclays

Barclays analyst Darrin Peller downgraded ADP to Equal Weight citing valuation and the potential for lingering political driven uncertainty to impact bookings growth. The analyst lowered his price target for the shares to $105 from $110.

  • 27

    Jul

ADP ADP
$101.70

0.35 (0.35%)

07/11/17
MSCO
07/11/17
NO CHANGE
Target $98
MSCO
Equal Weight
Morgan Stanley concerned about ADP's FY18 revenue guidance
Morgan Stanley analyst Danyal Hussain is concerned about ADP's FY18 revenue guidance given potential further bookings downside, increasing price pressure in midmarket, potential margin guidance risk, and migration concerns. Hussain is cautious into the Q4 report as he thinks guidance will be below Street expectations and said Paychex's (PAYX) Q4 report and read-through on bookings and pricing is not reflected in ADP's valuation. The analyst rates ADP an Equal Weight with a $98 price target.
06/20/17
06/20/17
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Philips (PHG) downgraded to Hold from Buy at Deutsche Bank with analyst Gael de-Bray citing valuation with the stock up 52% over the past year. 2. Comcast (CMCSA) downgraded to Neutral from Buy at MoffettNathanson with analyst Craig Moffett saying stocks have had a multi-year bull run and air fairly valued. 3. ADP (ADP) was downgraded to Neutral from Conviction Buy and Paychex (PAYX) was downgraded to Neutral from Buy at Goldman Sachs. 4. Boyd Gaming (BYD) downgraded to Equal Weight from Overweight at Morgan Stanley with analyst Thomas Allen saying risk/reward is more balanced following the recent strength in shares. 5. Cheesecake Factory (CAKE) downgraded to Hold from Buy at Argus with analyst John Staszak citing the company's reduction in its second quarter same-store sales guidance from an increase of 0.5%-1.5% to a decline of 1%. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
06/20/17
GSCO
06/20/17
DOWNGRADE
Target $64
GSCO
Neutral
Paychex downgraded to Neutral from Buy at Goldman Sachs
Goldman Sachs analyst James Schneider downgraded Paychex (PAYX) to Neutral citing delayed macro catalysts. Tax reform is likely delayed until 2018 and may come at smaller scale, Schneider tells investors in a research note. The analyst expects the company's FY18 revenue growth "will remain muted." He lowered his price target for Paychex shares to $64 from $68. Schneider this morning also downgraded ADP (ADP) to Neutral from Conviction Buy.
06/20/17
GSCO
06/20/17
DOWNGRADE
Target $105
GSCO
Neutral
ADP downgraded to Neutral from Conviction Buy at Goldman Sachs
Goldman Sachs analyst James Schneider downgraded ADP to Neutral from Conviction Buy citing delayed macro catalysts. Tax reform is likely delayed until 2018 and may come at smaller scale, Schneider tells investors in a research note. The analyst also expects upside from higher interest rates to play out more slowly. He lowered his price target for ADP shares to $108 from $115.

TODAY'S FREE FLY STORIES

TYPE

Monotype Imaging

$18.45

-0.35 (-1.86%)

07:02
07/28/17
07/28
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07/28/17
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Earnings
Monotype Imaging sees Q3 adjusted EPS 12c-16c, consensus 16c »

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  • 28

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LAD

Lithia Motors

$100.05

-0.08 (-0.08%)

07:02
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Lithia Motors reports Q2 adjusted EPS $2.28, consensus $2.22 »

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  • 28

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CMS

CMS Energy

$46.89

0.36 (0.77%)

07:02
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Earnings
Breaking Earnings news story on CMS Energy »

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  • 28

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AAN

Aaron's

$40.62

0.88 (2.21%)

07:02
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Aaron's acquires SEI/Aaron's franchisee for $140M »

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  • 28

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HRC

Hill-Rom

$79.70

-2.88 (-3.49%)

07:02
07/28/17
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Earnings
Hill-Rom sees Q4 adj. EPS $1.26-$1.30, consensus $1.33 »

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  • 28

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TYPE

Monotype Imaging

$18.45

-0.35 (-1.86%)

07:02
07/28/17
07/28
07:02
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Earnings
Monotype Imaging reports Q2 adjusted EPS 8c, consensus 9c »

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  • 28

    Jul

CMS

CMS Energy

$46.89

0.36 (0.77%)

07:01
07/28/17
07/28
07:01
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07:01
Earnings
CMS Energy reports Q2 EPS 33c, consensus 39c »

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  • 28

    Jul

HTBK

Heritage Commerce

$13.85

-0.14 (-1.00%)

07:01
07/28/17
07/28
07:01
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07:01
Recommendations
Heritage Commerce analyst commentary  »

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  • 01

    Aug

JPM

JPMorgan

$91.55

-0.38 (-0.41%)

07:00
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JPMorgan says to be 100% reliant on renewable energy by 2020 »

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  • 12

    Oct

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    Apr

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    Jul

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    Oct

HRC

Hill-Rom

$79.70

-2.88 (-3.49%)

07:00
07/28/17
07/28
07:00
07/28/17
07:00
Earnings
Hill-Rom reports Q3 adj. EPS 91c, consensus 91c »

Reports Q3 revenue $689M,…

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  • 28

    Jul

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CFX

Colfax

$40.83

-0.12 (-0.29%)

07:00
07/28/17
07/28
07:00
07/28/17
07:00
Earnings
Colfax raises FY17 adjusted EPS view to $1.65-$1.75 from $1.60-$1.75 

Consensus $1.73.

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  • 28

    Jul

CFX

Colfax

$40.83

-0.12 (-0.29%)

07:00
07/28/17
07/28
07:00
07/28/17
07:00
Earnings
Colfax reports Q2 adjusted EPS 43c, consensus 43c »

Reports Q2 revenue…

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  • 28

    Jul

DVAX

Dynavax

$9.25

-1.15 (-11.06%)

07:00
07/28/17
07/28
07:00
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07:00
Hot Stocks
Breaking Hot Stocks news story on Dynavax »

Dynavax trading halted,…

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  • 28

    Jul

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  • 10

    Aug

EA

Electronic Arts

$117.60

-0.4 (-0.34%)

07:00
07/28/17
07/28
07:00
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07:00
Recommendations
Electronic Arts analyst commentary  »

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  • 03

    Aug

UFS

Domtar

$38.49

0.06 (0.16%)

06:59
07/28/17
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06:59
Earnings
Domtar reports Q2 EPS 61c, consensus 55c »

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FCAU

Fiat Chrysler

$11.83

-0.07 (-0.59%)

06:59
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Periodicals
Fiat Chrysler's Maserati to launch electric model after 2019, WSJ reports »

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VLP

Valero Energy Partners

$45.16

-0.57 (-1.25%)

06:57
07/28/17
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06:57
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Earnings
Valero Energy Partners reports Q2 EPS 69c, consensus 75c »

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  • 28

    Jul

ZBH

Zimmer Biomet

$125.44

-3.26 (-2.53%)

06:56
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06:56
Downgrade
Zimmer Biomet rating change  »

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  • 10

    Aug

JCI

Johnson Controls

$40.14

-3.18 (-7.34%)

06:56
07/28/17
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06:56
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06:56
Downgrade
Johnson Controls rating change  »

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  • 06

    Aug

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    Aug

X

U.S. Steel

$25.00

-1.2 (-4.58%)

06:56
07/28/17
07/28
06:56
07/28/17
06:56
Downgrade
U.S. Steel rating change  »

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MRK

Merck

$63.69

1.89 (3.06%)

06:53
07/28/17
07/28
06:53
07/28/17
06:53
Hot Stocks
Breaking Hot Stocks news story on Merck »

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  • 28

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  • 22

    Sep

VC

Visteon

$111.53

1.56 (1.42%)

06:53
07/28/17
07/28
06:53
07/28/17
06:53
Downgrade
Visteon rating change  »

Visteon downgraded to…

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QEP

QEP Resources

$7.93

-1.34 (-14.46%)

06:53
07/28/17
07/28
06:53
07/28/17
06:53
Downgrade
QEP Resources rating change  »

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  • 14

    Aug

MRK

Merck

$63.69

1.89 (3.06%)

06:52
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07/28
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06:52
Hot Stocks
Merck CEO Q2 results driven by 'robust momentum for KEYTRUDA' »

"We continued to…

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  • 28

    Jul

  • 28

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  • 22

    Sep

PLT

Plantronics

$53.65

0.15 (0.28%)

06:51
07/28/17
07/28
06:51
07/28/17
06:51
Downgrade
Plantronics rating change  »

Plantronics downgraded to…

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  • 28

    Sep

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