October 19, 2012 at 12:54 PM EDT
WDAY: UBS Starts at Hold; Bright Prospects, Pricey Stock
Shares of enterprise “cloud computing” applications provider Workday (WDAY) are down 69 cents, or 1.3%, at $52.73 as the stock receives its first coverage note since going public a week ago and immediately shooting well above their $28 IPO price. UBS Securities’s Brent Thill, whose firm is not in the IPO syndicate (Morgan Stanley, Goldman [...]
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