On Assignment (ASGN) PT Raised to $85 at Deutsche Bank Following In Line 4Q

Deutsche Bank raised its price target on On Assignment (NYSE: ASGN) to $85.00 (from $75.00) while maintaining a Buy rating following the company's 4Q earnings report. Adjusted EPS of $1.44 was in line with the January 31st preannouncement, along with revenue of $679m.

The company was positive on the operating environment as secular growth in IT + operating excellence allow it to exceed the broader industry. Depending on the overall market conditions, we expect the ASGN stock to build on recent gains.

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