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Fly News Breaks for December 3, 2019
CDAY
Dec 3, 2019 | 08:11 EDT
RBC Capital analyst Alex Zukin initiated coverage of Ceridian with an Outperform rating and a $71 price target. The analyst says the company is a "disruptive innovator" leveraging the cloud technology with an opportunity to transform payroll services for mid- to large enterprise clients. Zukin sees Ceridian with a long runway for outperformance given its potential to accelerate sales growth and expand margins while also noting its "still low" market share.
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