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Fly News Breaks for August 19, 2019
CDAY
Aug 19, 2019 | 06:49 EDT
Jefferies analyst Samad Samana upgraded Ceridian to Buy and raised his price target to $65 from $58. The analyst cites the company's new opportunities fueling its growth and likely producing better than expected Dayforce revenue over the next few years. The analyst also believes that on-demand pay and the potential to win a part of the Canadian Federal Government contract, along with the company's international market entry are Ceridian's "incremental, underappreciated contributors" next year and beyond.
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