Citigroup keeps Neutral on ADP, Fortive and Icon, lifts two price targets
Citigroup raised its ADP price target to $295 and Fortive's to $71 while keeping Neutral ratings. Icon's Neutral rating was also maintained by Citigroup.
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what happened
On October 29, Citigroup maintained its Neutral rating on Automatic Data Processing (ADP), Fortive (FTV) and Icon (ICLR), according to Dow Jones Newswires, which cited Benzinga. The bank lifted its ADP price target to $295 from $287 and its Fortive target to $71 from $65.
No new target was reported for Icon, only the unchanged rating. All three entries were logged at 19:36, 19:44 and 19:45 GMT.
why it matters
Routine analyst updates like these rarely move the broader market on their own. A higher target with an unchanged Neutral rating suggests the valuation in the bank's model has changed while its overall stance on the shares has stayed the same.
tags
instruments
sources
- Automatic Data Is Maintained at Neutral by Citigroup — Dow Jones Newswires, 29 October 2026 at 19:36 UTC
- Fortive Is Maintained at Neutral by Citigroup — Dow Jones Newswires, 29 October 2026 at 19:45 UTC
- Icon Is Maintained at Neutral by Citigroup — Dow Jones Newswires, 29 October 2026 at 19:44 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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