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).
Published first on TheFly
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