Nomura Securities Starts Robert Half (RHI) at Buy

Nomura Securities initiates coverage on Robert Half (NYSE: RHI) with a Buy rating and a price target of $56.00.

Analyst Dan Dolev commented, "We initiate coverage of Robert Half International Inc. (RHI) with a Buy rating and $56 target price. Worries of an ending temp cycle have sent RHI’s stock down ~30% vs. peak. We believe these concerns are overdone, as our multivariate regression analysis and still elevated college unemployment levels point to a potential simultaneous reacceleration in volume (billable hours) and pricing (bill rates) in 2H16. Our 15+ years detailed subsegment revenue and cost analysis highlights ample room for GM/OM improvement, which could result in peak EPS 15-20% above consensus."

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 $45.53 yesterday.

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