UPDATE: Deutsche Bank Raises PT on Robert Half International on Upside to Consensus Expectation
In a report published Monday, Deutsche Bank analyst Paul Ginocchio reiterated a Buy rating on Robert Half International (NYSE: RHI), and raised the price target from $43.00 to $46.00.
In the report, Deutsche Bank noted, “With the overall market up and to the right, we are looking for stocks that 1) haven't worked but with improving fundamentals (IHS, $166.44, Buy), or 2) stocks with significant upside to 2014 consensus expectations and reasonable multiples. We think the temp staffing stocks fit that second criteria well. Also, the recent run of strong macro data combined with staffing stocks that are 5%, on avg, off their highs presents a decent entry point. We raise our Buy rated price targets (in order of preference): MAN from $85 to $95, RHI from $43 to $36, and TBI from $29 to $30.”
Robert Half International closed on Friday at $39.32.
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