TD Cowen upgraded Dayforce (DAY) to Buy from Hold with a price target of $68, up from $67. The firm sees the recent underperformance in shares and the company’s “underappreciated” free cash flow margin expansion yielding an attractive entry point. The drivers of the recent share underperformance are overblown, the analyst tells investors in a research note. TD expects Dayforce shares to outperform as investors gain comfort on perceived risks on tariffs and its government of Canada opportunity.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DAY:
- Buy Rating on Dayforce Inc: Underperformance and FCF Margin Expansion Present Compelling Entry Point
- Dayforce Inc Approves 2025 Management Incentive Plan
- Strategic Initiatives and Undervaluation Position Dayforce Inc for Long-term Growth and Market Outperformance
- Dayforce Inc Announces Efficiency Plan for 2025
- Dayforce price target lowered to $72 from $75 at Scotiabank
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue