Workday price target raised to $203 from $185 at Citi

Citi analyst Steven Enders raised the firm’s price target on Workday to $203 from $185 and keeps a Neutral rating on the shares. The company reported "solid" Q4 results and maintained the mid-point of the subscription revenue guide, the analyst tells investors in a research note. The firm says that while Workday’s outlook is likely conservative and the stock’s valuation is attractive, it is "somewhat cautious" on near-term demand dynamics in larger/financials deals.