First Advantage rises after Barclays reinstates coverage with 'overweight'

First Advantage

20/11/2024 18:53

** Employment background screening co First Advantage  FA.O 
shares are up ~3% at $18.15
    ** Barclays reinstates coverage of FA with "overweight"
rating
    ** Brokerage says with FA acquiring rival Sterling, the
combination is now well positioned to benefit from any recovery
in hiring environment
    ** Barclays adds FA has one less notable competitor to lose
market share to, helping it improve retention and win new
business
    ** Brokerage set PT at $22, a ~24.9% upside on stock's last
close
    ** 5 of 8 brokerages rate the stock "buy" or higher, 3
"hold"; their median PT is $21 — data compiled by LSEG
    ** Including session's moves, stock up ~9.5% YTD

 (Reporting by Prakhar Srivastava in Bengaluru)
 ((Prakhar.srivastava2@thomsonreuters.com))