ASGN price target lowered to $88 from $95 at Jefferies

Jefferies analyst Surinder Thind lowered the firm’s price target on ASGN to $88 from $95 and keeps a Hold rating on the shares. The firm says it is starting to get more positive on the IT services industry with demand having potentially bottomed, and poised to improve in 2025. However, ASGN’s primary headwind remains its Staffing business, which continues to post steep declines, and at the moment it is difficult to say when the segment will inflect given the segment’s “inherently poor visibility,” the analyst tells investors.