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Fly News Breaks for July 31, 2019
CDAY
Jul 31, 2019 | 08:55 EDT
Baird analyst Mark Marcon raised his price target on Ceridian to $58 from $48 following Q2 results. The analyst noted Dayforce continues to gain market share within the growing HCM/payroll space while growing its margins at a rapid rate. The company's scalability increases confidence it can increase margins over the next three years. Marcon reiterated his Outperform rating on Ceridian shares.
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