tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Dayforce downgraded to Market Perform from Outperform at BMO Capital

BMO Capital analyst Daniel Jester downgraded Dayforce (DAY) to Market Perform from Outperform with a price target of $70, up from $67, after the company agreed to be acquired by Thoma Bravo for $70 per share in cash. The multiples being paid “represent a small, but appropriate, premium” to peer Paycor when it was acquired in a strategic transaction earlier this year, the analyst says.

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & DisclosureReport an Issue

1