Dayforce up after KeyBanc initiates coverage with 'overweight'

Dayforce

24/09/2024 16:39

** Shares of payroll management services provider Dayforce
 DAY.N  up 2.2% at $60.5
    ** KeyBanc initiates coverage of DAY with "overweight"
rating and target price of $70
    ** Dayforce is well positioned to continue driving
share-gains in human capital management (HCM) against legacy and
point-solution providers in its core mid-market segment,
brokerage says
    ** Adds that DAY continues to strengthen its international
capabilities/exposure and expand its partner ecosystem in its
move up-market 
    ** 12 of 20 brokerages rate the stock "buy" or higher, eight
"hold"; their median PT is $70- LSEG
    ** DAY has fallen ~10% YTD

 (Reporting by Juby Babu in Mexico City)
 ((Juby.Babu@thomsonreuters.com;))