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UPDATE: Citigroup Raises PT to $37 on Robert Half International; Shifts Valuation to 2014

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Citigroup maintained Robert Half International Inc. (NYSE: RHI) with a Neutral and raised the price target from $30.00 to $37.00.

Citigroup noted, "1Q13 revenue guidance range ($1.01B-$1.06B) came in below the Street ($1.07B) but EPS ($0.38-$0.43) bracketed the Street ($0.40). The company continues to outperform our gross margin expectations on improving billpay spreads and SG&A cost controls, but we wonder how long that can last. We have modestly raised our margin assumptions and lowered our tax rate which broadly increases our EPS expectations."

Robert Half International closed at $33.53 on Tuesday.

Latest Ratings for RHI

DateFirmActionFromTo
Apr 2016Avondale PartnersDowngradesMarket OutperformMarket Perform
Apr 2016Credit SuisseMaintainsNeutral
Apr 2016NomuraInitiates Coverage onBuy

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Posted-In: CitigroupAnalyst Color Price Target Analyst Ratings

 

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