Truist raised the firm’s price target on ASGN to $110 from $93 and keeps a Buy rating on the shares. The firm has also named the stock as one of its Best Ideas in Business Services for 2024. Investors are over-estimating the cyclical sensitivity of the company’s diversified portfolio of IT services businesses and under-estimate the transformation driven by the push into IT Consulting, the analyst tells investors in a research note. Truist further states that ASGN stock trades at a 16% discount relative to its staffing company peers.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on ASGN:
- ASGN collaborates with Microsoft for NextGen AI
- William Blair says buy these stocks for 2024
- ASGN initiated with a bullish view at Canaccord
- ASGN initiated with bullish view at Canaccord
- ASGN initiated with a Sell at UBS
Questions or Comments about the article? Write to editor@tipranks.com