HireQuest price target raised to $17 from $16 at Barrington

Barrington raised the firm’s price target on HireQuest to $17 from $16 and keeps an Outperform rating on the shares following the Q2 report. The company’s year-over-year revenue comparisons improved as Q2 progressed and the trend of improvement has continued thus far in Q3, the analyst tells investors in a research note. The firm sees substantial long-term opportunity for growth and share gains in the staffing industry and believes the softer demand environment has created more acquisition opportunities for HireQuest.