UPDATE: Deutsche Bank Lowers PT on Resources Global Professionals on Lowered EPS Expectations

In a report published Wednesday, Deutsche Bank analyst Greg Poole reiterated a Hold rating on Resources Global Professionals

, but slightly lowered the price target from $11.00 to $10.50. In the report, Poole noted, “We lower our price target again due to our lowered EPS expectations. Feb qtr rev missed our expectations and the YoY rev declines worsened vs the Nov. qtr. Our May qtr EPS falls from $0.23 to $0.14 (previous Street $0.21) while our FY14E EPS decreases 15% from $0.75 to $0.64 (previous Street $0.73). We are lowering our price target from $11 to $10.50 due to our lower EPS expectations. We maintain our Hold rating.” Resources Global Professionals closed on Tuesday at $12.32.