Stifel initiated coverage of Ceridian with a Buy rating and $75 price target. Since the Dayforce acquisition in 2012, Ceridian has evolved into “a global human capital management platform from its historical service bureau roots,” the analyst tells investors. Management’s goal to achieve $2B revenue by 2025 “appears attainable” based the firm’s estimate for mid-teens growth in each of the next two years, the analyst added.
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