Dayforce price target lowered to $85 from $90 at Stifel

Stifel analyst Brad Reback lowered the firm’s price target on Dayforce (DAY) to $85 from $90 and keeps a Buy rating on the shares after the company reported “a mixed quarter.” Management reiterated their FY25 top-line and free cash flow outlook and increased their adjusted EBITDA margin outlook, notes the analyst, who tells investors that management’s tone on the earnings call and callback was “upbeat.”