HireQuest price target lowered to $13 from $16 at Barrington

Barrington lowered the firm’s price target on HireQuest (HQI) to $13 from $16 and keeps an Outperform rating on the shares following the Q1 report. The company noted that softer sales trends in Q1 were reflective of the challenging environment that has impacted the staffing industry over the last two-plus years, the analyst tells investors in a research note. The firm says many employers have been delaying or suspending hiring decisions and searches for new staff due to economic uncertainty.