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ASGN initiated with an Overweight at Wells Fargo

Wells Fargo analyst Seth Weber initiated coverage of ASGN with an Overweight rating and $102 price target. The stock’s valuation discount more than reflects technology angst and expected job cuts while overlooking ASGN’s consulting shift and “more resilient” model, the analyst tells investors in a research note. The firm says its Street-high fiscal 2025 estimates reflect an IT rebound. It expects historical ASGN outperformance off macro lows to repeat.

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