NEW YORK (TheStreet) -- Shares of Automatic Data Processing (ADP) are declining, down 0.78% to $85.48 in early market trading Friday, after the human capital management solutions company had its rating lowered to "hold" from "buy" by analysts at Stifel Nicolaus this morning.
Stifel Nicolaus analysts said they based their ratings cut on a valuation call, and removed its price target of $83.
The firm also removed Automatic Data Processing from its life of "income opportunity ideas."
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Roseland, NJ-based Automatic Data Processing operates through three business segments including employer services, professional employer organization services, and dealer services.
Separately, TheStreet Ratings team rates AUTOMATIC DATA PROCESSING as a Buy with a ratings score of A. TheStreet Ratings Team has this to say about their recommendation:
"We rate AUTOMATIC DATA PROCESSING (ADP) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and notable return on equity. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results."