Dayforce price target lowered to $72 from $75 at Scotiabank

Scotiabank lowered the firm’s price target on Dayforce (DAY) to $72 from $75 and keeps a Sector Perform rating on the shares. The company’s stock fell following quarterly results and the firm suspects some go-lives were delayed this quarter, the analyst tells investors. Additionally, there were $3M in one-time impacts while eloomi exceeded expectations, which the firm believes indicated potential weakness in the core business. Scotiabank’s thesis remains unchanged, believing the opportunity is priced into shares.