TrueBlue Upgraded to “Buy” by Merrill Lynch (TBI)
TrueBlue (NYSE:TBI) was upgraded by stock analysts at Merrill Lynch to a “buy” rating in a report issued on Friday, Analyst Ratings.Net reports.
TrueBlue (NYSE:TBI) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $0.48 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.48. The company had revenue of $151.16 million for the quarter, compared to the consensus estimate of $457.31 million. During the same quarter last year, the company posted $0.36 earnings per share. TrueBlue’s revenue was down 60.2% compared to the same quarter last year.
A number of other analysts have also recently weighed in on TBI. Analysts at Bank of America Corp. upgraded shares of TrueBlue from a “neutral” rating to a “buy” rating in a research note to investors on Friday. They now have a $31.00 price target on the stock, up previously from $28.00. Separately, analysts at BMO Capital Markets raised their price target on shares of TrueBlue from $30.00 to $33.00 in a research note to investors on Monday. They now have an “outperform” rating on the stock. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of TrueBlue in a research note to investors on Monday, December 9th. They now have a $30.00 price target on the stock, up previously from $29.00. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. TrueBlue has an average rating of “Buy” and a consensus target price of $31.05.
TrueBlue, Inc (NYSE:TBI) is a provider of temporary blue-collar staffing services.
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