Barclays lowered its price target on Workday (NASDAQ: WDAY) to $115.00 (from $117.00) while maintaining a Equalweight rating.

Analyst Raimo Lenschow sees headwinds forming for FY 2019 and therefore lowers his PT on lowered estimates. The analyst liked the Q3 report, calling it "solid" but remains on the sidelines as he feels the valuation is fair.