Barrington Research Raises GP Strategies PT, Reiterates Outperform

Barrington Research raised its GP Strategies GPX price target from $17 to $20 and reiterated the company's Outperform rating in a research report published today. In the report, Barrington Research states, " With businesses continuing to focus on core competencies and outsourcing noncore functions (like IT and HR), outsourcing training is a natural extension, providing GPX with significant opportunities in a highly fragment market, which is estimated to be $60 billion domestically. These trends, combined with its broad offering mix, give GPX plenty of runway for continued growth going forward." Shares of GP Strategies were trading at $16.38 at the time of posting, up 4.60% from Wednesday's market close.