Ceridian price target raised to $74 from $64 at Barclays

Barclays analyst Raimo Lenschow raised the firm’s price target on Ceridian to $74 from $64 and keeps an Equal Weight rating on the shares. The company had better revenue, much better profitability and guided higher, the analyst tells investors in a research note. The firm says that in this environment, Ceridian is performing better than other software peers. However, it finds the stock’s valuation as full at current levels.