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Fly News Breaks for December 17, 2019
CDAY
Dec 17, 2019 | 20:42 EDT
Jefferies analyst Samad Samana raised his price target on Ceridian to $73 and kept his Buy rating after its 8-K filing disclosed the company's float revenue for the Bureau, Dayforce, and Powerpay businesses. The analyst says the figures confirm that Ceridian's Dayforce subscription sales growth accelerated over the past two quarters, and he remains positive on the potential of on-demand pay, which he believes "represents an attractive incremental growth opportunity for Ceridian".
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