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Dayforce price target lowered to $70 from $83 at Piper Sandler

Piper Sandler analyst Arvind Ramnani lowered the firm’s price target on Dayforce (DAY) to $70 from $83 and keeps an Overweight rating on the shares. The firm notes Dayforce Q1 results came in ahead of expectations. The company emphasized that it is not seeing any impact from the macro or tariffs. While FY25 guidance on a constant currency basis was reiterated, 2Q targets are modestly below consensus, Piper adds.

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