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

Rating:
Neutral ADP
down 14.58 %

Automatic Data Processing, Inc. (ADP) upgraded to Neutral by Cowen & Co

Posted on: Tuesday,  Mar 23, 2010  8:25 AM ET by Cowen & Co

Cowen & Co rated Neutral Automatic Data Processing, Inc. (NASDAQ: ADP) on 03/23/2010. Previously Cowen & Co rated Underperform Automatic Data Processing, Inc. (NASDAQ:
ADP) on 12/10/2008., when the stock price was $12.66. Since then, Automatic Data Processing, Inc. has gained 17.08% as of 03/23/2010's recent price of $14.82.
If you would have followed the previous Cowen & Co's recommendation on ADP, you would have lost 14.58% of your investment in 468 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.

Cowen and Company’s culture is rooted in the traditions of the research boutiques that once dominated the investment research landscape. Our primary focus is on two products: 1. Proprietary information flow, and 2. Good investment ideas We achieve the first objective with a combination of extensive primary research work, organized survey activity, and access to industry experts (i.e., opinion leaders in medicine, technology, and consumer industries). We believe that the best investment idea is a “Correct Non-Consensus Conclusion,” and a considerable amount of our energy is devoted to this pursuit. We spend as little time as possible on traditional maintenance research products.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
3/23/2010 8:25 AM Hold
None
14.82
as of 12/31/2010
1 Week   
1 Month   
3 Months   
1 YTD down  -4.88 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
12/10/2008 9:25 AM Sell
None
12.66

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