ADP price target raised to $285 from $276 at Mizuho

Mizuho analyst Dan Dolev raised the firm’s price target on ADP (ADP) to $285 from $276 and keeps a Buy rating on the shares as part of the firm’s FinTech & Payments team providing its 2023 outlook for sub-sectors in the group against a backdrop of higher rates, high inflation, and a slowing macro. The group’s top picks include Fiserv (FISV), Toast (TOST), FIS (FIS) and Robinhood (HOOD), while they are cautious on Upstart (UPST), Coinbase (COIN) and Block (SQ).