From Financial Modeling Prep: 2024-12-13 08:00:00

Robert Half International (NYSE:RHI) received an upgrade from Truist Securities analysts, moving from Hold to Buy with a raised price target of $90, up from $62. The upgrade reflects optimism about economic and business conditions benefiting the staffing firm.

Factors driving the improved outlook include potential pro-business environment under a second Trump administration, interest rate cuts, moderating inflation, and a surge in mergers and acquisitions. Robert Half’s Protiviti consulting arm is well-positioned for growth amid these trends.

Analysts note stabilized Robert Half shares offer a contrarian opportunity for investors. Concerns about AI disrupting the staffing industry were deemed overstated, supporting the upgrade and positioning the company well for an improving economic landscape.



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