NEW YORK (TheStreet) -- RATINGS CHANGES
Automatic Data Processing (ADP) was downgraded at Stifel Nicolaus to hold from buy. Stock was also cut from the Income Opportunity Ideas list. Valuation call, Stifel Nicolaus said.
Facebook (FB) was initiated with a buy rating at MKM Partners. Twelve-month price target is $105. Company should be a core holding for growth investors and earnings can reach $4.55 a share in 2018, MKM Partners said.
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