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Fly News Breaks for August 22, 2019
CDAY
Aug 22, 2019 | 06:50 EDT
As previously reported, Mizuho analyst Siti Panigrahi initiated Ceridian with a Buy rating and a price target of $65 as part of his broader research note into the cloud HCM software sector. The analyst believes that the company's acquisition of Dayforce has resulted in a modern cloud HCM and payroll platform driven by a "continuous processing engine" that positions Ceridian to capitalize on its international growth and expansion opportunity. Panigrahi also notes that Ceridian operates in a large and growing total addressable market.
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