Alight initiated with an Outperform at Wedbush

Wedbush analyst Daniel Ives initiated coverage of Alight with an Outperform rating and $13 price target. The company has a strong and proven management team led by CEO Stephan Scholl, and Ives believes the company is in a great position to keep capturing market share and be one of the top players in the ERP landscape, the analyst tells investors in a research note.