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Fly News Breaks for February 6, 2020
CDAY
Feb 6, 2020 | 07:33 EDT
BMO Capital analyst Keith Bachman lowered his price target on Ceridian to $74 and kept his Market Perform rating after its Q4 earnings miss and below-consensus guidance for Q1 and FY20. The analyst says he is keeping his longer-term bullish outlook on the stock, but also believes that in light of "lackluster guidance relative to current valuation", shares may take some time to retreat or consolidate.
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