Deutsche Bank Starts kforce.com (KFRC) at Hold
- Donald Trump Sworn in as 45th U.S. President
- Wall Street ends higher as Trump becomes president
- Walgreens Boots Alliance (WBA) Said to Face Antitrust Concern for Rite Aid (RAD) Fix - Bloomberg
- Bristol-Myers Squibb (BMY) Says It Won't Pursue Accelerated U.S. Regulatory Pathway for Opdivo Plus Yervoy in Lung Cancer
- Apple (AAPL) Sues Qualcomm (QCOM) Over Patent Royalties in Antitrust Case - Bloomberg
Get access to the best calls on Wall Street with StreetInsider.com's Ratings Insider Elite. Get your Free Trial here.
Deutsche Bank initiated coverage on kforce.com (NASDAQ: KFRC) with a Hold rating and a price target of $19. Analyst Kevin McVeigh said recent weakness isn’t enough to recommend the stock.
"While we like this business model, we believe that the Street has to become more comfortable with estimates as they come down and a lot of the discount for volatility comes out of the stock. That said, we believe the NRC improves Kforce’s operating efficiency, allowing the company to drop much more of its gross profit to the bottom line. In addition, we like IT staffing, as we believe it will be more durable than the market overall as companies try to use technology to avoid adding labor. In addition, healthcare reform is driving up the cost of labor, making the technology efficiency substitution more attractive, thus driving demand for IT staffing," said the analyst.
Shares of kforce.com closed at $18.35 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Rite Aid (RAD)/Walgreens (WBA) Antitrust Concerns Doesn't Mean Deal is Dead, Says Deutsche Bank
- Checkpoint Software (CHKP) PT Raised to $94 at Stifel Following 4Q Beat
- Deutsche Bank Starts Essent Group (ESNT) at Buy
Create E-mail Alert Related CategoriesAnalyst Comments, New Coverage
Related EntitiesDeutsche Bank
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!