Barrington Research Maintains Outperform on HireQuest, Lowers Price Target to $16
Portfolio Pulse from Benzinga Newsdesk
Barrington Research analyst Kevin Steinke maintains an Outperform rating on HireQuest (NASDAQ:HQI) but lowers the price target from $19 to $16.
May 14, 2024 | 5:17 pm
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NEUTRAL IMPACT
HireQuest's Outperform rating is maintained by Barrington Research, though its price target has been reduced from $19 to $16.
While the maintenance of an Outperform rating suggests continued confidence in HireQuest's performance, the reduction in the price target could indicate a reassessment of the company's short-term growth prospects or market conditions. This mixed signal might lead to neutral short-term price movement as investors digest both the continued endorsement and the lowered expectations.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100