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ADP

ADP

$102.89

-1.52 (-1.46%)

18:32
08/21/17
08/21
18:32
08/21/17
18:32

ADP CEO: Ackman refused to meet because he needed 'leverage,' CNBC says

After ADP said its board unanimously rejected Pershing Square's three board nominees, president and CEO Carlos Rodriguez said that Bill Ackman in a phone call refused to meet because he needed "leverage" over the board, CNBC reports. "I had a conversation with Bill right before we, I guess, agreed to disagree that he was going to launch a proxy contest, and I asked him, 'Bill, I know you have a vacation, which is what's getting in the way and why you need to have an extension of this deadline, but when you get back from vacation, why can't we meet then?" Rodriguez said on CNBC's "Mad Money." The CEO claims that he and his management team saw Ackman's presentation no sooner than when it was made available to the public and that he would have appreciated the opportunity to meet with Ackman prior to its release to correct certain "wrong conclusions," the report notes. Reference Link

  • 11

    Sep

ADP ADP
$102.89

-1.52 (-1.46%)

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.
08/16/17
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.
08/17/17
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.
08/17/17
EVER
08/17/17
NO CHANGE
Target $115
EVER
In Line
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.

TODAY'S FREE FLY STORIES

VNO

Vornado

$71.34

0.04 (0.06%)

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ERI

Eldorado Resorts

$31.60

-0.4 (-1.25%)

16:39
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Eldorado Resorts initiated  »

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NTCT

NetScout

$26.78

0.175 (0.66%)

16:38
01/18/18
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NetScout enters into amended credit agreement »

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  • 30

    Jan

NBLX

Noble Midstream

$55.58

-0.02 (-0.04%)

16:35
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Salient reports 6.23% passive stake in Noble Midstream »

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  • 22

    Jan

  • 20

    Feb

HHS

Harte-Hanks

16:35
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16:35
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Harte-Hanks COO/CTO Shirish Lal leaving the company »

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GWGH

GWG Holdings

$8.10

-0.2 (-2.41%)

16:35
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Breaking Hot Stocks news story on GWG Holdings »

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SPB

Spectrum Brands

$121.30

-3.86 (-3.08%)

16:32
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Hot Stocks
Spectrum Brands postpones 2018 annual shareholder meeting »

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  • 18

    Jan

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    Jan

  • 08

    Feb

NTIP

Network-1 Technologies

$2.50

0.05 (2.04%)

, JNPR

Juniper

$27.66

-1.01 (-3.52%)

16:32
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16:32
Hot Stocks
Network-1 Technologies announces revised patent settlement with Juniper »

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Network-1 Technologies

$2.50

0.05 (2.04%)

JNPR

Juniper

$27.66

-1.01 (-3.52%)

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  • 30

    Jan

ENFC

Entegra Financial

$28.90

-0.7 (-2.36%)

16:31
01/18/18
01/18
16:31
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16:31
Earnings
Entegra Financial reports Q4 core EPS 54c, consensus 38c »

Reports Q4 net interest…

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  • 19

    Jan

WYNN

Wynn Resorts

$175.48

1.89 (1.09%)

16:30
01/18/18
01/18
16:30
01/18/18
16:30
Initiation
Wynn Resorts initiated  »

Wynn Resorts initiated…

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16:30
01/18/18
01/18
16:30
01/18/18
16:30
Options
Preliminary option volume of 20.9M today »

Preliminary option volume…

NTES

NetEase

$322.19

-2.21 (-0.68%)

16:29
01/18/18
01/18
16:29
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16:29
Recommendations
NetEase analyst commentary  »

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  • 07

    Feb

MS

Morgan Stanley

$55.84

0.49 (0.89%)

, AMZN

Amazon.com

$1,293.32

-1.68 (-0.13%)

16:25
01/18/18
01/18
16:25
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16:25
General news
On The Fly: Top stock stories for Thursday »

Stocks opened little…

MS

Morgan Stanley

$55.84

0.49 (0.89%)

AMZN

Amazon.com

$1,293.32

-1.68 (-0.13%)

LGF.A

Lionsgate

$34.50

2.22 (6.88%)

LGF.B

Lionsgate

$32.84

2.46 (8.10%)

CBS

CBS

$60.00

1.1 (1.87%)

VIA

Viacom

$39.70

1.85 (4.89%)

VIAB

Viacom

$33.95

1.99 (6.23%)

BA

Boeing

$340.16

-10.85 (-3.09%)

ERJ

Embraer

$24.50

-0.19 (-0.77%)

GNC

GNC Holdings

$5.26

1.79 (51.59%)

PTC

PTC

$69.95

3.25 (4.87%)

AA

Alcoa

$53.00

-3.99 (-7.00%)

ENDP

Endo

$7.35

-0.34 (-4.42%)

03/08/13
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  • 18

    Jan

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    Jan

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    Jan

  • 19

    Jan

  • 31

    Jan

  • 01

    Feb

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    Feb

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    Feb

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    Feb

  • 15

    Feb

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    Feb

  • 18

    Mar

SRG

Seritage Growth Properties

$40.37

-0.4 (-0.98%)

16:25
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Hot Stocks
Seritage Growth Properties sees FY17 leasing activity 2.6M sqf, up 26% on year »

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MNST

Monster Beverage

$66.47

-0.6 (-0.89%)

16:25
01/18/18
01/18
16:25
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16:25
Conference/Events
Monster Beverage to host investor meeting »

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  • 18

    Jan

MGM

MGM Resorts

$36.07

-0.47 (-1.29%)

, WYNN

Wynn Resorts

$175.48

1.89 (1.09%)

16:23
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Initiation
MGM Resorts, Wynn Resorts, Eldorado Resorts, Penn National initiated  »

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MGM

MGM Resorts

$36.07

-0.47 (-1.29%)

WYNN

Wynn Resorts

$175.48

1.89 (1.09%)

ERI

Eldorado Resorts

$31.60

-0.4 (-1.25%)

PENN

Penn National

$32.26

-0.49 (-1.50%)

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BANF

BancFirst

$55.20

0.95 (1.75%)

16:22
01/18/18
01/18
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16:22
Hot Stocks
BancFirst to raise company minimum wage »

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MTOR

Meritor

$23.82

-0.3 (-1.24%)

16:22
01/18/18
01/18
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16:22
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Meritor realigns segments and leadership positions »

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  • 31

    Jan

  • 13

    Feb

  • 14

    Feb

BANF

BancFirst

$55.20

0.95 (1.75%)

16:21
01/18/18
01/18
16:21
01/18/18
16:21
Earnings
BancFirst reports Q4 EPS 59c, consensus 69c »

Due to the signing of the…

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ATHN

athenahealth

$125.53

-0.65 (-0.52%)

16:20
01/18/18
01/18
16:20
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16:20
Initiation
athenahealth initiated  »

athenahealth initiated…

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  • 02

    Feb

VIX

Volatility Index S&P 500 Options

16:20
01/18/18
01/18
16:20
01/18/18
16:20
Options
Closing CBOE SPX and VIX Index summary for January 18th »

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AXP

American Express

$99.86

-0.9 (-0.89%)

16:19
01/18/18
01/18
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16:19
Hot Stocks
Breaking Hot Stocks news story on American Express »

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  • 18

    Jan

MRCY

Mercury Systems

$51.26

-0.45 (-0.87%)

16:19
01/18/18
01/18
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16:19
Hot Stocks
Mercury Systems receives $12.5M electronic surveillance subsystem order »

Mercury Systems announced…

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  • 23

    Jan

HCLP

Hi-Crush Partners

$12.00

-0.05 (-0.41%)

16:18
01/18/18
01/18
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01/18/18
16:18
Hot Stocks
Hi-Crush Partners increases distribution to 20c per unit for Q4 »

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FFBC

First Financial Bancorp

$27.75

-0.4 (-1.42%)

16:17
01/18/18
01/18
16:17
01/18/18
16:17
Earnings
First Financial Bancorp reports Q4 adjusted EPS 45c, consensus 40c »

Claude Davis, CEO,…

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  • 19

    Jan

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