UPDATE: Bank of America Reiterates on On Assignment Following 2014 Investor Day

In a report published Friday, Bank of America analyst Sara Gubins reiterated a Buy rating on

, and raised the price target from $40.00 to $42.00. In the report, 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 $36.51.