Bouncing Back Like a True Blue: Analyst Sees Upswing in Staffing Star's Fortunes
Portfolio Pulse from Lekha Gupta
BMO Capital Markets analyst Jeffrey M. Silber upgraded TrueBlue Inc (NYSE:TBI) to Outperform from Market Perform and increased the price target to $20 from $18. The upgrade follows recent industry data showing commercial staffing decline getting 'less worse' and better than the volume decline in professional staffing.
May 22, 2023 | 7:04 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
TrueBlue Inc (NYSE:TBI) has been upgraded to Outperform from Market Perform by BMO Capital Markets analyst Jeffrey M. Silber, with a raised price target of $20 from $18.
The upgrade is based on recent industry data showing commercial staffing decline getting 'less worse' and better than the volume decline in professional staffing. This indicates a potential recovery in the staffing industry, which could positively impact TrueBlue's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100