UPDATE: Deutsche Bank Raises Target to $14 on Kforce

Deutsche Bank reiterates its Hold rating on Kforce (NASDAQ: KFRC) and raises its price target by $1 to $14 a share on solid guide.

Deutsche Bank says, "Solid 1Q guidance on good revenue outlook. Demand trends are better than expeted so far in 1Q as is the YoY expansion of gross margins. Our 1QE EPS goes from $0.10 to $0.16."

KFRC closed at $13.01 a share on Tuesday.