Dayforce price target lowered to $75 from $80 at Jefferies

Jefferies lowered the firm’s price target on Dayforce (DAY) to $75 from $80 and keeps a Hold rating on the shares. The company’s total revenue beat estimates due to float and Professional Services / Other revenue, but Dayforce sub revenue missed consensus and management’s guidance, the analyst tells investors in a research note. While the management sounded positive, the reset in Dayforce growth expectations left investors disappointed, the firm added.