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On Assignment (ASGN) Target, Estimates Lifted at Jefferies

March 28, 2014 7:14 AM EDT
Get Alerts ASGN Hot Sheet
Price: $103.49 +2.85%

Rating Summary:
    6 Buy, 3 Hold, 3 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 6 | Down: 3 | New: 1
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Jefferies analyst Dan Dolev reiterated a Buy on On Assignment (NYSE: ASGN) while raising estimates and its price target from $39 to $42

Dolev notes, "On Wednesday, ASGN held an Analyst Day in New York to discuss its 5-year financial goals. With a strong #2 position in the disruptive fast growing IT Staffing market, and a recent push into the high margin perm recruiting business, we believe the targets are achievable and even beatable, helped by higher than expected M&A, continuous evaluation of the portfolio, and a strong management track record of delivering on long-term targets."

FY 2014 EPS goes from $1.46 to $2.08 and FY 2015 EPS from $1.88 to $2.36.

For an analyst ratings summary and ratings history on On Assignment click here. For more ratings news on On Assignment click here.

Shares of On Assignment closed at $36.51 yesterday.


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