In a report published Tuesday, Credit Suisse analyst Anjaneya Singh reiterated a Neutral rating on Robert Half International RHI, and raised the price target from $61.00 to $65.00.
In the report, Credit Suisse noted, "While there is no denying the strength of the US economy, as Friday's blockbuster payrolls data illustrate, we continue to hold the view that this trend is well-understood by investors. With slow, steady improvements in the labor market, it seems that the likelihood of upside versus expectations is low. Taking this into account when looking at RHI's current growth trajectory and margin profile, we come away more comfortable on our Neutral thesis."
Robert Half International closed on Monday at $60.20.
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