UPDATE: Piper Jaffray Starts Robert Half (RHI) at Neutral

(Updated - September 25, 2014 6:39 AM EDT)

Piper Jaffray initiated coverage on Robert Half (NYSE: RHI) with a Neutral rating and a price target of $49.00.

Analyst George Tong commented, "Robert Half is focused on finance & accounting and IT staffing, where we expect healthy growth driven by improving secular and cyclical trends. We also note strong double-digit growth in its perm placement and risk consulting business. While the earnings growth outlook is robust, we find valuations fully reflect fundamentals."

For an analyst ratings summary and ratings history on Robert Half click here. For more ratings news on Robert Half click here.

Shares of Robert Half closed at $50.23 yesterday.

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