TD Cowen upgraded Dayforce (DAY) to Buy from Hold with a price target of $68, up from $67. The firm sees the recent underperformance in shares and the company’s “underappreciated” free cash flow margin expansion yielding an attractive entry point. The drivers of the recent share underperformance are overblown, the analyst tells investors in a research note. TD expects Dayforce shares to outperform as investors gain comfort on perceived risks on tariffs and its government of Canada opportunity.
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Read More on DAY:
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