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UPDATE: Bank of America Reiterates Buy Rating, Raises PT on On Assignment on Stable 4Q Trends

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Deutsche Bank Initiates On Assignment Shares With A Buy Rating
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In a report published Friday, Bank of America reiterated its Buy rating on On Assignment (NYSE: ASGN), and slightly raised its price target from $26.00 to $27.00.

Bank of America noted, “We expect On Assignment to grow more rapidly than the overall temporary staffing market given its focus on the high-growth IT staffing market and on positions with in-demand skill sets. The company also commands premium operating margins given its focus on areas of structural skill shortage within professional staffing and smaller clients. We see further room for upside based on above industry top line growth and potential cost savings from the Apex acquisition.”

On Assignment closed on Thursday at $24.66.

Latest Ratings for ASGN

DateFirmActionFromTo
Aug 2016Deutsche BankInitiates Coverage onBuy
Apr 2016Avondale PartnersMaintainsMarket Outperform
Feb 2016Avondale PartnersUpgradesMarket PerformMarket Outperform

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Posted-In: Bank of AmericaAnalyst Color Price Target Analyst Ratings

 

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