Staffing 360 Solutions price target lowered to $2.50 from $4 at Greenridge

Greenridge lowered the firm’s price target on Staffing 360 Solutions to $2.50 from $4 and keeps a Buy rating on the shares. The analyst views the resignation of the company’s accounting firm Baker Tilly as a positive development saying every quarterly and annual report done under Baker Tilly’s watch was delayed. While there is a “great deal of uncertainty” surrounding Staffing 360’s UK business, and general weakness in the commercial sector, the stock is undervalued relative to its current operations, the analyst tells investors in a research note.