UPDATE: Credit Suisse Assumes Ceridian HCM Holding Inc. (CDAY), Upgrades to Neutral

November 19, 2020 6:03 AM EST
Get Alerts CDAY Hot Sheet
Price: $98.40 +0.29%

Rating Summary:
    12 Buy, 11 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 18 | Down: 11 | New: 8
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(Updated - November 19, 2020 6:09 AM EST)

(updating comment)

Credit Suisse analyst Yaoxian Chew assumes coverage on Ceridian HCM Holding Inc. (NYSE: CDAY) with a Neutral rating and a price target of $86.00.

The analyst comments "Yaoxian Chew is assuming primary coverage of CDAY. We are upgrading CDAY to Neutral from Underperform as we think the worst-case scenarios are off the table, view consensus estimates as more achievable, and lean more constructive in light of sequentially stabilizing macro. Valuation remains a gating factor preventing us from getting more constructive and we are still reluctant to equate signs of stability with recovery."

For an analyst ratings summary and ratings history on Ceridian HCM Holding Inc. click here. For more ratings news on Ceridian HCM Holding Inc. click here.

Shares of Ceridian HCM Holding Inc. closed at $96.69 yesterday.

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