ADP Downgraded to Underperform as Jefferies Flags Structural Headwinds

Automatic Data Processing, Inc. (NASDAQ:ADP) is included among the 14 Best Dividend Aristocrats to Invest in Heading into 2026. ADP Downgraded to Underperform as Jefferies Flags Structural Headwinds Photo by Annie Spratt on Unsplash On December 16, Jefferies analyst Samad Samana downgraded Automatic Data Processing, Inc. (NASDAQ:ADP) to Underperform from Hold and cut the price target to $230 from $245. The firm said it “thinks highly” of management, but described the company’s fundamental outlook as “sh ...