Deutsche Bank Downgrades kforce.com (KFRC) to Hold; Concerns Around IT

Deutsche Bank downgraded kforce.com (NASDAQ: KFRC) from Buy to Hold, price target lowered $1 to $13.

Deutsche analyst says, "We have seen deceleration in peer company IT staffing trends from 3Q to 4Q and worry that KFRC’s tech business may decelerate more than we are expecting, particularly due to its exposure to larger accounts. While we do not have enough confidence to change estimates, we believe the recent positive move in the share price now fully values the company, thus our downgrade to Hold. We have made no change to our ‘12E EPS of $0.88 (Street $0.86), but now see a more limited chance of upside to our numbers."

For an analyst ratings summary and ratings history on kforce.com click here. For more ratings news on kforce.com click here.

Shares of kforce.com closed at $12.57 yesterday.

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