Barrett Business price target raised to $115 from $104 at Barrington

Barrington analyst Vincent Colicchio raised the firm’s price target on Barrett Business to $115 from $104 and keeps an Outperform rating on the shares. The company’s Q3 earnings beat on strong margins, the analyst tells investors in a research note. The firm expects better growth in 2024 due to Barrett’s “strong pipeline” of new client prospects and benefits prospects.