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ADP

ADP

$109.66

1.15 (1.06%)

10:35
08/10/17
08/10
10:35
08/10/17
10:35

ADP 'willing to listen' to Ackman, not willing to extend nomination deadline

ADP CEO Carlos Rodriguez is being interviewed on CNBC regarding the nomination of directors to the company's board made by Bill Ackman's Pershing Square.

ADP ADP
$109.66

1.15 (1.06%)

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.
08/03/17
MSCO
08/03/17
DOWNGRADE
MSCO
Underweight
ADP downgraded to Underweight from Equal Weight at Morgan Stanley
07/31/17
EVER
07/31/17
UPGRADE
EVER
In Line
ADP upgraded to In Line from Underperform at Evercore ISI
Evercore ISI analyst David Togut upgraded ADP to In Line with a $115 price target following disclosure of Bill Ackman's recently disclosed stake in the company. The analyst expects shares to respond more to the Ackman's shareholder creating value ideas rather than underlying business fundamentals.
07/27/17
BARD
07/27/17
NO CHANGE
Target $95
BARD
Neutral
Baird sees Ackman revisting prior play book at ADP
Baird analyst Mark Marcon noted that Bill Ackman previously owned a position in ADP (ADP) from 2009-2011 and agitated for changes that included rationalizing its balance sheet and spinning off non-core businesses, followed by the company spinning off CDK and buying back stock. With Ackman now reportedly back in the stock, he expects a renewal of the play book, but believes shareholder value enhancement from buy backs would be "modest" given the stock's current level. "Ironically," ADP also suggested competitive wins against Paychex (PAYX) on its earnings call today, but that stock is also rising following the Ackman news, Marcon said. He keeps a Neutral rating on ADP shares.

TODAY'S FREE FLY STORIES

XIV

VelocityShares Daily Inverse VIX Short-Term ETN

$113.09

3.39 (3.09%)

06:54
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Technical Analysis
VelocityShares Daily Inverse VIX Short-Term ETN: Pivot points »

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TVIX

VelocityShares Daily 2x VIX Short-Term ETN

$8.05

-0.54 (-6.29%)

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VelocityShares Daily 2x VIX Short-Term ETN: Pivot points »

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MAG

MAG Silver

$10.98

-0.07 (-0.63%)

06:54
11/21/17
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Downgrade
MAG Silver rating change  »

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MDT

Medtronic

$78.90

-0.59 (-0.74%)

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  • 01

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FSM

Fortuna Silver Mines

06:53
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Fortuna Silver Mines rating change  »

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CDE

Coeur Mining

$7.42

0.05 (0.68%)

06:53
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Coeur Mining rating change  »

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PAAS

Pan American Silver

$14.98

-0.22 (-1.45%)

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Upgrade
Pan American Silver rating change  »

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SVXY

ProShares Short VIX Short-Term Futures

$108.45

3.44 (3.28%)

06:53
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Technical Analysis
ProShares Short VIX Short-Term Futures: Pivot points »

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CRH

CRH

$36.23

0.61 (1.71%)

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Periodicals
Building materials maker CRH on lookout for more deals, Reuters reports »

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CSRA

CSRA

$27.53

-0.09 (-0.33%)

06:53
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Initiation
CSRA initiated  »

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MOV

Movado

$28.90

0.45 (1.58%)

06:52
11/21/17
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06:52
Earnings
Movado raises FY18 EPS view to $1.70-$1.75, consensus $1.63 »

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USO

United States Oil Fund

$11.28

-0.07 (-0.62%)

06:52
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Technical Analysis
United States Oil Fund: Pivot points »

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LDOS

Leidos

$61.64

0.55 (0.90%)

06:52
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Leidos initiated  »

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  • 28

    Nov

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XOP

SPDR Oil Exploration and Production Fund

$34.58

-0.42 (-1.20%)

06:51
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Technical Analysis
SPDR Oil Exploration and Production Fund: Pivot points »

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KEYW

KEYW

$5.31

-0.24 (-4.32%)

06:51
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Initiation
KEYW initiated  »

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BURL

Burlington Stores

$106.55

1.82 (1.74%)

06:50
11/21/17
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Earnings
Burlington Stores sees Q4 adjusted EPS $2.02-$2.06, consensus $2.09 »

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  • 21

    Nov

DGAZ

VelocityShares 3x Inv Natural Gas ETN

$26.41

1.85 (7.53%)

06:50
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Technical Analysis
VelocityShares 3x Inv Natural Gas ETN: Pivot points, pivot high broken »

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T

AT&T

, TWX

Time Warner

$87.71

-1.01 (-1.14%)

06:50
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Recommendations
AT&T, Time Warner analyst commentary  »

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T

AT&T

TWX

Time Warner

$87.71

-1.01 (-1.14%)

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  • 29

    Nov

VEC

Vectrus

$32.27

0.13 (0.40%)

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Vectrus initiated  »

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MOV

Movado

$28.90

0.45 (1.58%)

06:49
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Hot Stocks
Breaking Hot Stocks news story on Movado »

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MOV

Movado

$28.90

0.45 (1.58%)

06:49
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06:49
Earnings
Movado reports Q3 adjusted EPS $1.04, consensus 85c »

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CACI

CACI

$126.90

1.7 (1.36%)

06:49
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11/21
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Initiation
CACI initiated  »

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  • 28

    Nov

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  • 04

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BURL

Burlington Stores

$106.55

1.82 (1.74%)

06:49
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11/21
06:49
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06:49
Earnings
Burlington Stores sees FY17 adjusted EPS $4.23-$4.27, consensus $4.25 »

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  • 21

    Nov

UGAZ

VelocityShares 3x Long Natural Gas ETN

$9.66

-0.7 (-6.76%)

06:49
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Technical Analysis
VelocityShares 3x Long Natural Gas ETN: Pivot points »

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CMCM

Cheetah Mobile

$10.82

-0.05 (-0.46%)

06:48
11/21/17
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06:48
Earnings
Breaking Earnings news story on Cheetah Mobile »

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  • 21

    Nov

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