Robert Half price target lowered to $31 from $36 at BMO Capital

BMO Capital lowered the firm’s price target on Robert Half (RHI) to $31 from $36 and keeps a Market Perform rating on the shares after its in-line Q3 earnings and revenue miss. The management stated it was encouraged that weekly contract talent revenues began to grow sequentially in September and into October, though Protiviti trends worsened with the first y/y revenue decline since Q2 of 2024, which pressured margins, the analyst tells investors in a research note.