Workday price target lowered to $249 from $262 at Barclays

Barclays lowered the firm’s price target on Workday to $249 from $262 and keeps an Overweight rating on the shares. The anlayst says yesterday’s analyst day will create discussions for investors. On the one hand, the customer conference clearly showed the strong momentum Workday is currently enjoying, the analyst tells investors in a research note. However, Workday’s mid-term numbers were lowered, “which raises questions,” says the firm. It views this as a number reset from the new management team.