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Analysts Have Conflicting Sentiments on These Technology Companies: Automatic Data Processing (ADP), Textron (TXT) and Western Digital (WDC)

Analysts have been eager to weigh in on the Technology sector with new ratings on Automatic Data Processing (ADPResearch Report), Textron (TXTResearch Report) and Western Digital (WDCResearch Report).

Automatic Data Processing (ADP)

Stifel Nicolaus analyst David Grossman maintained a Hold rating on Automatic Data Processing yesterday and set a price target of $247.00. The company’s shares closed last Thursday at $229.68.

According to TipRanks.com, Grossman is a 5-star analyst with an average return of 17.1% and a 67.2% success rate. Grossman covers the Technology sector, focusing on stocks such as International Business Machines, Definitive Healthcare Corp, and Exlservice Holdings.

Automatic Data Processing has an analyst consensus of Moderate Buy, with a price target consensus of $235.40, a 2.7% upside from current levels. In a report released yesterday, Deutsche Bank also maintained a Hold rating on the stock with a $234.00 price target.

See the top stocks recommended by analysts >>

Textron (TXT)

In a report released yesterday, Cai von Rumohr from Cowen & Co. maintained a Buy rating on Textron, with a price target of $95.00. The company’s shares closed last Thursday at $72.05.

According to TipRanks.com, Rumohr is a 4-star analyst with an average return of 3.7% and a 59.4% success rate. Rumohr covers the Technology sector, focusing on stocks such as Raytheon Technologies, Caci International, and General Dynamics.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Textron with a $76.75 average price target.

Western Digital (WDC)

Rosenblatt Securities analyst Kevin Cassidy maintained a Hold rating on Western Digital yesterday and set a price target of $60.00. The company’s shares closed last Thursday at $52.61.

According to TipRanks.com, Cassidy is a top 100 analyst with an average return of 24.6% and a 65.6% success rate. Cassidy covers the Technology sector, focusing on stocks such as Smart Global Holdings, Skyworks Solutions, and ON Semiconductor.

Currently, the analyst consensus on Western Digital is a Moderate Buy with an average price target of $68.09, a 34.4% upside from current levels. In a report issued on April 14, Susquehanna also downgraded the stock to Hold with a $50.00 price target.

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