ADP: Credit Suisse maintains 'underperform' rating
(CercleFinance.com) - A Credit Suisse analyst confirms an "Underperform" rating on the ADP share, with plans for group's privatisation likely to be suspended by current market conditions.
"[ADP faces] a triple threat: privatization disappointment, and regulatory risk compound COVID-19 problems," the broker points out.
Credit Suisse thus confirms its target price of 108 euros for the share (the share is currently down 9% at about 104 euros).
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
"[ADP faces] a triple threat: privatization disappointment, and regulatory risk compound COVID-19 problems," the broker points out.
Credit Suisse thus confirms its target price of 108 euros for the share (the share is currently down 9% at about 104 euros).
Copyright (c) 2020 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.