Sterling Check price target lowered to $14 from $16 at Stifel

Stifel lowered the firm’s price target on Sterling Check to $14 from $16 and keeps a Buy rating on the shares. The company’s Q3 results were lower than expected due to lower base hiring, the analyst tells investors. The firm is making significant downward reductions to its estimates to reflect continued base level hiring declines, which is expected to continue into mid-2024, the firm says.