Ceridian price target raised to $78 from $60 at Piper Sandler

Piper Sandler analyst Arvind Ramnani raised the firm’s price target on Ceridian to $78 from $60 and keeps a Neutral rating on the shares. The company reported a "clean beat" with its Q4 results coming in ahead of expectations, the analyst tells investors in a research note. The firm continues to expect the company to continue to win new logos in the current macro environment.