Barclays cuts Automatic Data Processing (ADP -1.4%) to "equal weight" from "overweight" and...

|About: Automatic Data Processing... (ADP)|By:, SA News Editor

Barclays cuts Automatic Data Processing (ADP -1.4%) to "equal weight" from "overweight" and Paychex (PAYX -1.5%) to "underweight" from "equal weight", saying that the payroll processing firms could experience slower earnings growth over the next two years due to low interest rates and the weak jobs recovery.