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UPDATE: Deutsche Bank Raises PT on TrueBlue on Upside to Consensus Expectation

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In a report published Monday, Deutsche Bank analyst Paul Ginocchio reiterated a Buy rating on TrueBlue (NYSE: TBI), and raised the price target from $29.00 to $30.00.

In the report, Deutsche Bank noted, “With the overall market up and to the right, we are looking for stocks that 1) haven't worked but with improving fundamentals (IHS, $166.44, Buy), or 2) stocks with significant upside to 2014 consensus expectations and reasonable multiples. We think the temp staffing stocks fit that second criteria well. Also, the recent run of strong macro data combined with staffing stocks that are 5%, on avg, off their highs presents a decent entry point. We raise our Buy rated price targets (in order of preference): MAN from $85 to $95, RHI from $43 to $36, and TBI from $29 to $30.”

TrueBlue closed on Friday at $23.88.

Latest Ratings for TBI

DateFirmActionFromTo
Apr 2021Credit SuisseMaintainsNeutral
Apr 2021BairdUpgradesNeutralOutperform
Feb 2021Credit SuisseMaintainsNeutral

View More Analyst Ratings for TBI
View the Latest Analyst Ratings

 

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Posted-In: Deutsche Bank Paul GinocchioAnalyst Color Price Target Analyst Ratings

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