First Advantage initiated with an Outperform at BMO Capital

BMO Capital initiated coverage of First Advantage (FA) with an Outperform rating and $20 price target While the “sluggish” hiring market has constrained First Advantage’s pre-employment screening revenue, trends are “beginning to move in the right direction,” the analyst tells investors in a research note. The firm says the recently closed Sterling Check deal helps solidify the company’s position as the largest in the space.