Hedge Fund News From HedgeCo.Net


ADP Stock Could Double In Five Years If Transformation Plan Implemented

(FINalternatives) Bill Ackman’s activist hedge fund Pershing Square held a conference call on Thursday in which he detailed the reasoning behind his ambitious decision to target payroll processing behemoth Automatic Data Processing, declaring that the company’s stock could double in the next five years if a series of changes are instituted now.

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