Workday price target raised to $270 from $255 at Loop Capital

Loop Capital raised the firm’s price target on Workday (WDAY) to $270 from $255 and keeps a Hold rating on the shares as part of a broader research note on select Software names. The analyst states that the firm’s recent checks with large global system integrator contacts indicate a “largely steady enterprise IT spending trend” following a modest ramp to start the the second half of the year.