Barclays lowered the firm’s price target on Dayforce to $62 from $74 and keeps an Equal Weight rating on the shares. The company reported solid Q1 results with all major line items coming in better than expected, the analyst tells investors in a research note. The firm says guidance was negatively impacted by currency headwinds but still leaves room for upside as most can already be explained by higher float revenue. Overall, it feels the negative reaction is not justified and that the shares should recover.
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