Workday price target raised to $340 from $285 at BofA

BofA analyst Brad Sills raised the firm’s price target on Workday (WDAY) to $340 from $285 and keeps a Buy rating on the shares, stating that Q4 results were “solid across key growth and profitability metrics.” Q4 results should “provide some comfort that topline growth has bottomed out, and that mid-teens is the right durable growth rate to assign to the business,” the analyst tells investors.