Workday price target lowered to $280 from $288 at Barclays

Barclays analyst Raimo Lenschow lowered the firm’s price target on Workday (WDAY) to $280 from $288 and keeps an Overweight rating on the shares. The company reported solid results but the shares may not move higher as its remaining performance obligation and guidance were helped by inorganic contribution, the analyst tells investors in a research note. This means Workday’s underlying results and guidance were more in-line, says the firm.