ASGN price target lowered to $50 from $65 at Truist

Truist lowered the firm’s price target on ASGN (ASGN) to $50 from $65 and keeps a Buy rating on the shares. The company’s Investor Day presentation included financial targets above consensus while the management highlighted the meaningful opportunities to aid clients with AI as companies turn to ASGN looking for measurable outcomes from investments in automation, the analyst tells investors in a research note. AI could be a catalyst for ASGN, but the firm also recognizes that “automation presents risks for the company”, Truist added.