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UPDATE: Bank Of America Reiterates On Robert Half International Following Strong 2Q

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In a report published Wednesday, Bank of America analyst Sara Gubins reiterated a Buy rating on Robert Half International (NYSE: RHI), and raised the price target from $55.00 to $56.00.

In the report, Bank of America noted, “Shares of RHI are up 15% YTD, with investors anticipating improving trends. These came through in 2Q, and we expect further 2H acceleration. Our $56 price objective is based on 21x (unchanged) 2015E EPS of $2.64, in line with RHI's 21x ten-year median forward P/E and compared to our forecasted 20% 2013-2016E EPS CAGR.”

Robert Half International closed on Tuesday at $48.20.

Latest Ratings for RHI

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

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Posted-In: Bank of America Sara GubinsAnalyst Color Price Target Analyst Ratings

 

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