Automatic Data Processing: Resilient Cash Flows And Undervalued Earnings Potential

We initiate coverage on Automatic Data Processing, Inc. (NASDAQ: ADP ) with a Strong Buy rating and a $296.5 PT. Automatic Data Processing, Inc. provides mission-critical, cloud HCM and HR outsourcing solutions for organizations of all sizes acrossMoretus Research delivers state-of-the-art, buy-side quality equity research for serious investors seeking clarity, conviction, and alpha. Focused on U.S. public markets, Moretus applies a structured, repeatable framework to identify companies with durable busines ...