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ASGN - ASGN Inc News Story

$106.08 -1.0  -0.9%

Last Trade - 8:45pm

Sector
Technology
Size
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)
 ((Tapanjana.Rudra@thomsonreuters.com;))
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