Stifel lifts Automatic Data target, keeps Fortinet at Hold
Per Dow Jones Newswires, Stifel raised its Automatic Data price target to $305 from $285 and kept Hold ratings on ADP and Fortinet.
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what happened
Stifel raised its price target on Automatic Data Processing (ADP) to $305 per share from $285. The firm's rating on the stock stayed at Hold.
Stifel also maintained a Hold rating on Fortinet (FTNT). Dow Jones Newswires relayed the changes, citing Benzinga's ratings feed.
why it matters
Routine analyst actions like these usually affect only the stocks named and rarely move the broader market. Investors in ADP and Fortinet are more likely to weigh the reasoning behind the revised target than the rating notice itself.
tags
instruments
sources
- Automatic Data Is Maintained at Hold by Stifel — Dow Jones Newswires, 29 October 2026 at 12:37 UTC
- Fortinet Is Maintained at Hold by Stifel — Dow Jones Newswires, 29 October 2026 at 12:54 UTC
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