Sweet Revenge Begins...RHI Downgraded... Stock Tumbles |
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Sweet Revenge in Bradford, Rhode Island 62 months ago |
WallStreet is taking notice. 12 month taget is dropped $13. The sell off has started. Robert Half-wits are getting just what they deserve. Thank you all for your posts and keep your experiences coming... RHI ROBERT HALF INTLM.JaffeS&P DOWNGRADES SHARES OF ROBERT HALF TO HOLD FROM STRONG BUY The shares are off 10% this morning as RHI posts Q1 EPS of $0.42 vs. $0.38, $0.04 below our forecast. Margins were a bit weaker than we expected, and performance in internal audit business was much softer than we projected. We are cutting our '07 EPS forecast by $0.15 to $1.85, and '08's by $0.25 to $2.10. We expect ongoing decelerating growth in staffing, while we see internal audit staying relatively soft. We are cutting our 12-month target price $13 to $37, or 20X '07 estimate, in line with peers. |
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Sweet Revenge in Bradford, Rhode Island 62 months ago |
Robert Half Cut to `Sell' at Stifel Nicolaus Princeton, New Jersey, April 20 (Bloomberg Data) -- Robert Half International Inc. (RHI US) was downgraded to ``sell'' from ``hold'' by analyst James J Janesky at Stifel Nicolaus. |
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