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A Look At ADP After The Proxy Battle
Tuesday, November 14, 2017 - 1:56pm | 450Bill Ackman's proxy battle against Automatic Data Processing (NASDAQ: ADP) didn't end well for the activist investor. In fact, in the company's CEO Carlos Rodriguez's own words, shareholders delivered an "ass-whipping" decision to renominate all 10 directors while Ackman...
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Paychex Upgraded, And 2 Things That Would Further Increase Morgan Stanley's Constructive View
Wednesday, August 16, 2017 - 1:52pm | 381Analysts at Morgan Stanley no longer hold a bearish view of Paychex, Inc. (NASDAQ: PAYX) after the stock's 19 percent year-to-date underperformance compared to the S&P 500's track has created a more "balanced" risk to reward profile. Morgan Stanley's Danyal Hussain upgrades Paychex's stock...
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Morgan Stanley Doesn't Accept Western Union Or Paychex, Remains Underweight On Both
Tuesday, August 23, 2016 - 8:57am | 435Although the Payments segment is benefiting from secular tailwinds, there is downside to The Western Union Company (NYSE: WU) and Paychex, Inc. (NASDAQ: PAYX), Morgan Stanley’s Danyal Hussain said in a report. He added that both companies would likely deliver lower growth than peers, and...
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TriNet's Valuation Leaves Shares Sensitive To Risk
Thursday, August 4, 2016 - 11:37am | 385Following the rise in TriNet Group Inc (NYSE: TNET)'s share price and the company’s strategic shift to “verticalizing” sales, Morgan Stanley’s Danyal Hussain believes the risk/reward is now skewed down. Hussain downgraded the rating on the company to Equal Weight, while...