Rosenblatt initiates coverage on Workday 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 SAP SAPG.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