By: Benzinga
UPDATE: Citigroup Initiates Workday at Neutral on Software-as-a-Service Competition Outlook
Citigroup initiated coverage on Workday (NYSE: WDAY ) with a Neutral rating and a $58.00 price target. Citigroup noted, "As compared to “edge” applications such as CRM, talent management and collaboration that have seen significant SaaS uptake, HCM (part of ERP) buyers are more conservative as installations are mission critical
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