Workday price target raised to $247 from $220 at Citi

Citi analyst Steven Enders raised the firm’s price target on Workday to $247 from $220 and keeps a Neutral rating on the shares. The company reported strong fiscal Q2 results with a second consecutive quarter of revenue performance obligation upside, the analyst tells investors in a research note. The firm continues to perceive a challenging deal environment, offset by Workday’s “impressive recent execution.”