HireQuest price target lowered to $26 from $29 at Barrington

Barrington analyst Kevin Steinke lowered the firm’s price target on HireQuest to $26 from $29 and keeps an Outperform rating on the shares. The company’s Q3 revenue was impacted by the softer economy, the analyst tells investors in a research note. For the third consecutive quarter, management noted that the company is seeing demand soften due to economic headwinds, says the firm. It is now taking a more cautious and conversate stance with its financial forecasts.