Barrett Business price target raised to $159 from $131 at Roth MKM

Roth MKM raised the firm’s price target on Barrett Business to $159 from $131 and keeps a Buy rating on the shares after its Q4 earnings beat. The company’s healthcare offering is gaining traction and the addition of a major carrier opens the Northern California market, where Barrett Business has significant presence, the analyst tells investors in a research note. The business is poised to accelerate, facilitated by an expanded product offering, improved technology platform and client interface, and expanded go-to-market strategies, the firm added.