No new catalyst emerged as ADP stayed higher, extending the move sparked by its fiscal Q1 results and improved FY2027 EPS outlook. Follow-on target increases supported the same earnings-driven rerating, including Citigroup's higher target and Jefferies' target increase, while ADP outperformed a sharply weaker equity market and mixed payroll-software peers.
No new catalyst emerged as ADP stayed higher, extending the move sparked by its fiscal Q1 results and improved FY2027 EPS outlook. Follow-on target increases supported the same earnings-driven rerating, including Citigroup's higher target and Jefferies' target increase, while ADP outperformed a sharply weaker equity market and mixed payroll-software peers.