UPDATE 2-Ackman’s Pershing Square says ADP needs to streamline, modernize

BOSTON/NEW YORK, Aug 17 (Reuters) – Billionaire activistinvestor William Ackman on Thursday said Automatic DataProcessing Inc’s stock price could double in the nextfive years if the human resources outsourcing company cutscosts, streamlines its business and invests in technologyupgrades.
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