BUZZ-Rosenblatt initiates coverage on Workday with 'neutral'
Reuters
Yesterday
BUZZ-Rosenblatt initiates coverage on <a href="https://laohu8.com/S/WDAY">Workday</a> with 'neutral'
** Rosenblatt initiates coverage on human resources software provider Workday WDAY.O with "neutral" rating
** Brokerage sets PT at $235, implying an upside of 10.1% to stock's last close
** Rosenblatt says co's core U.S. human capital management software remains a double-digit grower, but expects continued deceleration as key competitors such as Oracle ORCL.N and SAPSAPG.DE improve
** Average rating of 41 analysts is "buy," their median PT is $280 - data compiled by LSEG
** Up to last close, WDAY has fallen 17.3% this year
(Reporting by Anhata Rooprai in Bengaluru)
((Anhata.Rooprai@thomsonreuters.com))
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