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Fly News Breaks for February 6, 2020
CDAY
Feb 6, 2020 | 07:06 EDT
Cantor Fitzgerald analyst Drew Kootman raised his price target for Ceridian HCM Holding to $76 from $65 and maintains an Overweight rating on the shares. The company reported earnings results below expectations and issued guidance below expectations, Kootman tells investors in a research note. Despite the miss, the analyst believes Ceridian's long-term prospects remain in place. The company and platform have a number of unique and positive attributes, including its global capabilities and opportunity, strong ecosystem of products, and increasing functionality, including its continuous payroll calculation, says Kootman.
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