Stifel Initiates Coverage On Ceridian HCM Holding with Buy Rating, Announces Price Target of $75
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Brad Reback has initiated coverage on Ceridian HCM Holding (NYSE:CDAY) with a Buy rating and set a price target of $75. This new coverage could influence investor sentiment and potentially impact CDAY's stock price in the short term.
January 10, 2024 | 10:31 am
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Stifel analyst Brad Reback has given Ceridian HCM Holding a Buy rating with a price target of $75, which may positively affect the company's stock price in the short term.
Analyst ratings, especially from reputable firms like Stifel, can significantly influence investor perception and stock prices. A Buy rating suggests that the analyst sees potential in the company's future performance, which could lead to increased investor interest and a rise in stock price. The announcement of a specific price target provides a benchmark for investors, indicating the analyst's confidence in the stock's growth potential.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100