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.
Published first on TheFly
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