Salomon Smith Barney Downgrades Ceridian Rating to Neutral

Analyst Patrick Burton cut his rating on the shares to reflect the data processing firm's dismal outlook

Ceridian (CEN ) expects to meet its $1.01 earnings per share estimate for 2000, but it sees $0.65-$0.70 EPS for 2001 because of a lower than expected revenue run rate. Salomon Smith Barney downgraded its investment rating on the shares to neutral from outperform.

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