TD Cowen Downgrades Ceridian HCM Holding to Market Perform, Raises Price Target to $71
Portfolio Pulse from richadhand@benzinga.com
TD Cowen analyst Bryan Bergin has downgraded Ceridian HCM Holding (NYSE:CDAY) from Outperform to Market Perform, while raising the price target from $69 to $71.
July 13, 2023 | 11:30 am
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NEUTRAL IMPACT
Ceridian HCM Holding has been downgraded to Market Perform by TD Cowen, but the price target has been raised to $71.
The downgrade to Market Perform suggests that the analyst believes the stock will perform similarly to other companies in the market, indicating a neutral outlook. However, the increase in price target from $69 to $71 shows an expectation of some growth, which could have a positive impact on the stock. The net effect is likely to be neutral in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100