Stifel Cuts Workday Price Target to $175 After CEO Change; Street Views Diverge
Stifel reduced its price target for Workday (WDAY) to $175 from $235 and kept a Hold rating after the company announced an immediate CEO change. Co-founder Aneel Bhusri returns as chief executive, replacing Carl Eschenbach, who will move into a strategic advisor role. Shares have declined materially year-to-date and over the past year, trading at a…