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Jefferies launches coverage on Workday (WDAY +0.4%) with a Buy and $75 PT, helping shares...

Jefferies launches coverage on Workday (WDAY +0.4%) with a Buy and $75 PT, helping shares outperform. "Workday's software-as-a-service delivery model, object-oriented framework, in-memory architecture and easy-to-use interface represent significant improvements over legacy [ERP and HR software] solutions," argues analyst Ross MacMillan.
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