Fly News Breaks for October 25, 2019
Oct 25, 2019 | 06:18 EDT
Citi analyst Daniel Jester upgraded Ceridian to Buy from Neutral with a price target of $58, up from $52, after taking over coverage of the name. The analyst is positive on the Human Capital Management space and sees a $1B-$2B opportunity for software players in the U.S. as businesses upgrade away from legacy players. Ceridian's software-as-a-service solution, Dayforce has momentum, including with larger clients, Jester tells investors in a research note. Further, he sees a major opportunity for the company longer term outside of the U.S.
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