UPDATE: Jefferies Reiterates on On Assignment Following 3Q Results, 4Q Guidance
In a report published Thursday, Jefferies analyst Dan Dolev reiterated a Buy rating on On Assignment (NYSE: ASGN), and raised the price target from $36.00 to $39.00.
In the report, Jefferies noted, “Yesterday, after the market closed, On Assignment reported 3Q results and provided 4Q guidance. As we expected, accelerating Apex growth (+21.6% vs. +19.8% in 2Q) helped drive yet another strong quarter, driving a ~6% beat to the high-end of EPS guidance. Buoyant commentary about the state of the IT markets exiting 3Q bodes well for ASGN's growth trajectory. Reiterate BUY. Increase PT from $36 to $39.”
On Assignment closed on Wednesday at $34.45.
Latest Ratings for ASGN
|Jan 2015||Deutsche Bank||Maintains||Buy|
|Jan 2015||Avondale Partners||Downgrades||Market Perform|
|Oct 2014||Deutsche Bank||Maintains||Buy|
© 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.