Dayforce price target lowered to $60 from $61 at Barclays

Barclays analyst Raimo Lenschow lowered the firm’s price target on Dayforce (DAY) to $60 from $61 and keeps an Equal Weight rating on the shares. The company’s Q1 was solid, with a slight top-line beat and better profitability and cash flow, the analyst tells investors in a research note. The firm sees the negative stock move as an overreaction.