Jefferies says shares of Dayforce are experiencing a “relief rally” after its fundamentals were solid in Q2 and the guidance pointed to durable organic growth. Adding in a $500M buyback, commentary on the Canadian government deal contributing more meaningfully beginning in Q2 of 2025, and the upcoming analyst day creates a “recipe for a relief rally,” the analyst tells investors in a research note. Jefferies keeps a Hold rating on Dayforce with a $55 price target.
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