Truist analyst Tobey Sommer lowered the firm’s price target on Robert Half (RHI) to $55 from $60 and keeps a Buy rating on the shares after its Q1 results and outlook. The company guided Q2 below the Street as SMB customer optimism entering Q1 faded on uncertainty surrounding trade and policy changes, the analyst tells investors in a research note. Truist adds however that it still expects the company to be an early cycle winner once macro uncertainty stabilizes.
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Read More on RHI:
- Robert Half price target lowered to $47 from $65 at JPMorgan
- Mixed Performance and Uncertain Outlook Lead to Hold Rating for Robert Half
- Robert Half price target lowered to $45 from $50 at Barclays
- Robert Half International Faces Revenue Decline Amid Uncertainty
- Robert Half sees Q2 EPS 36c-46c, consensus 58c
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