ADP price target raised to $272 from $265 at Mizuho

Mizuho analyst Dan Dolev raised the firm’s price target on ADP to $272 from $265 and keeps a Buy rating on the shares. The analyst says ADP continues to close the organic growth gap versus its human capital management peers. While its next generation peers still grow faster, the growth spread is smallest in years, the analyst tells investors in a research note. The firm believes better execution will drive a higher multiple for ADP.