Ceridian price target raised to $75 from $65 at Wells Fargo

Wells Fargo analyst Michael Turrin raised the firm’s price target on Ceridian to $75 from $65 and keeps an Equal Weight rating on the shares. The firm notes the company’s Q4 results were clean, with "refreshingly" little on the macro to discuss. The initial full year 2023 outlook also came in ahead of estimates, but with a few added impacts worth considering, Wells says.