ASGN Inc logo

ASGN - ASGN Inc News Story

$106.08 -1.0  -0.9%

Last Trade - 8:45pm

Large Cap
Market Cap £4.08bn
Enterprise Value £4.62bn
Revenue £2.85bn
Position in Universe 1305th / 6855

BUZZ-BMO upgrades staffing sector on hopes of early recovery

Mon 23rd November, 2020 1:38pm
** BMO upgrades staffing sector to "overweight" rating as a
gradual economic recovery makes investors more optimistic about
the sector
    ** Brokerage raises Cross Country Healthcare  CCRN.O ,
ManpowerGroup  MAN.N , Robert Half International  RHI.N , and
TrueBlue  TBI.N  to "outperform" from "market perform"
    ** "Heightened uncertainty and potential increased
regulations could increase the use of temporary staffing early
this cycle, as employers rely on outside firms to help manage
those risk" - BMO
    ** While brokerage expects TBI to benefit earliest in the
recovery process given its "on-demand" (short-term) focus,
healthcare staffing providers like CCRN might once again see
increased revenues if COVID-19 cases increase
    ** Brokerage raises PTs for the following staffing stocks:
 Company Name                 New PT  Old PT
 Cross Country Healthcare     $10     $9 
 ManpowerGroup                $100    $76 
 Robert Half International    $71     $58 
 TrueBlue                     $24     $18 
 ASGN Inc.                    $93     $88 
 (Reporting by Tapanjana Rudra)
© Stockopedia 2021, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.