Ceridian Analyst Boosts Price Target By 19% Citing Resilient HCM Performance

  • Barclays analyst Raimo Lenschow upgraded Ceridian HCM Holding Inc CDAY from Underweight to Equal-Weight and raised the price target from $54 to $64.
  • He said that the pandemic has raised the profile of the human capital management space and made it more resilient in the macro environment.
  • This is visible in the recent Sapient Insights Annual HR Systems Survey and WDAY's Analyst Day comments and creates opportunities for investors. 
  • Price Action: CDAY shares traded higher by 0.15% at $66.05 on the last check Monday.
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