Dayforce price target lowered to $80 from $84 at Barclays

Barclays lowered the firm’s price target on Dayforce (DAY) to $80 from $84 and keeps an Equal Weight rating on the shares as part of a 2025 outlook for software. The firm sees 2025 as a better year for IT spending. This means software can be a relative outperformer as estimates inflect higher during the year and with valuation levels only in-line with historical levels, the analyst tells investors in a research note.