Industrials
Human Resource & Employment Services
2 companies under coverage.
Coverage
Human Resource & Employment Services
Equity Research
Paychex Inc (PAYX)
The bull case — 'Bull — Re-Rate' (8% weight) — targets $155, +57% vs spot. It needs the multiple to hold or expand.
Equity Research
Automatic Data Processing Inc (ADP)
The bull case — 'Bull — Re-Rate' (8% weight) — targets $347, +55% vs spot. It needs the multiple to hold or expand.