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Fly News Breaks for January 27, 2020
CDAY
Jan 27, 2020 | 21:14 EDT
Wells Fargo analyst Michael Turrin initiated coverage of Ceridian with an Overweight rating and $86 price target. The analyst notes that the 28% year-to-date revenue growth of its Dayforce HCM platform suggests that it is finding increasing success with the move upmarket. Turrin sees Ceridian with multiple growth drivers that include international expansion, public sector, and "new digital wallet opportunities", which he expects to sustain its stock price gains.
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