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Automatic Data Processing, Inc. (ADP) [hlAlert]

Rating:
Neutral ADP

Automatic Data Processing Inc. (ADP.2008) rated Neutral by Credit Suisse

Posted on: Wednesday,  Oct 15, 2008  9:25 AM ET by Credit Suisse

Automatic Data (ADP)
rated Neutral by Credit Suisse.

Automatic Data Processing, Inc. (ADP) is engaged in providing business outsourcing solutions. ADP offers a range of human resource (HR), payroll, tax and benefits administration solutions from a single source. ADP is also a provider of integrated computing solutions to automotive, heavy truck, motorcycle, marine and recreational vehicle dealers globally. The Company?s segment includes Employer Services, Professional Employer Organization (PEO) Services and Dealer Services. Employer Services offers a range of HR information, payroll processing, tax and benefits administration solutions and services, including traditional and Web-based outsourcing solutions, that assist approximately 540,000 employers in the United States, Canada, Europe, South America (primarily Brazil), Australia and Asia to staff, manage, pay and retain their employees. In November 2009, the Company announced the purchase of HRinterax, Inc.

Excellence in equity and fixed income research is a hallmark of Credit Suisse. Globally, our equity research analysts provide in-depth coverage of over 2,500 companies and engage in a knowledge-sharing, value added culture that has yielded the most insightful product for our customers and tremendous competitive results. Additionally, Credit Suisse's powerful macro-economic and debt strategy teams integrate the bank's comprehensive company research with keen market perspectives of the ever-shifting investment terrain.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/15/2008 9:25 AM Hold
None
11.50
as of 12/31/2008
1 Week up  1.27 %
1 Month down  -5.22 %
3 Months up  9.23 %
1 YTD up  9.23 %

(*) Stock Price at the time of the recommendation.
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