Workday price target lowered to $215 from $230 at Deutsche Bank

Deutsche Bank analyst Brad Zelnick lowered the firm’s price target on Workday to $215 from $230 and keeps a Buy rating on the shares. A "disappointing" Q3 is a reminder that no software company is immune to macro forces, and this will likely weigh on security more broadly, especially high growth security and endpoint, Zelnick tells investors in a research note.