Dayforce price target raised to $70 from $65 at BMO Capital

BMO Capital raised the firm’s price target on Dayforce to $70 from $65 and keeps an Outperform rating on the shares after its Q2 earnings beat. The company’s success in the upper middle market and enterprise is helping insulate it from broader challenges in the space, reflecting the ongoing maturation of the partner ecosystem, the company’s innovations in human capital management, and attractive relative ROI as Dayforce helps customers consolidate vendors and reduce cost of ownership, the analyst tells investors in a research note.