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

Rating:
Neutral ADP
up 19.73 %

Automatic Data Processing, Inc. (ADP) downgraded to Neutral by Janney Mntgmy Scott

Posted on: Thursday,  Dec 17, 2009  8:25 AM ET by Janney Mntgmy Scott

Janney Mntgmy Scott rated Neutral Automatic Data Processing, Inc. (NASDAQ: ADP) on 12/17/2009. Previously Janney Mntgmy Scott rated Buy Automatic Data Processing, Inc. (NASDAQ:
ADP) on 07/17/2009., when the stock price was $11.65. Since then, Automatic Data Processing, Inc. has gained 19.74% as of 12/17/2009's recent price of $13.95.
If you would have followed the previous Janney Mntgmy Scott's recommendation on ADP, you would have gained 19.73% of your investment in 153 days.

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.

We are committed to providing innovative, wealth-building investment solutions through original thought, proprietary data and access to company managements, industry leaders and our analysts. Janney’s enduring commitment to primary research coincides with an investment acumen that recognizes our core responsibility – to make money for our clients. Our analysts strive to identify the emerging and sometimes hidden themes that can provide investors a superior return over time.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
12/17/2009 8:25 AM Hold
None
13.95
as of 12/31/2009
1 Week   
1 Month down  -2.69 %
3 Months up  7.58 %
1 YTD up  19.73 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
7/17/2009 8:25 AM Buy
None
11.65

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