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Fly News Breaks for September 11, 2019
Sep 11, 2019 | 07:25 EDT
Cantor Fitzgerald analyst Drew Kootman last night initiated coverage of Ceridian HCM Holding with an Overweight rating and $65 price target. 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, Kootman tells investors in a research note. He believes these will drive increased market penetration, accelerating growth rates, long-term margin expansion, and upside to consensus estimates.
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