Dayforce price target lowered to $75 from $82 at BMO Capital

BMO Capital analyst Daniel Jester lowered the firm’s price target on Dayforce to $75 from $82 and keeps an Outperform rating on the shares after its Q1 results last week. Amid an uneven macro environment, Dayforce has a solid growth profile and a long-term international opportunity, and following a tough 2022, the stock looks attractive given the company’s multi-year opportunity for margin expansion, the analyst tells investors in a research note.