Robert Half price target lowered to $55 from $59 at BofA

BofA lowered the firm’s price target on Robert Half to $55 from $59 and keeps an Underperform rating on the shares. While Robert Half posted roughly in line Q4 EPS, what was “more important” was that Q1 guidance was much weaker than expected, says the analyst, who calls the company’s margin guidance “especially discouraging.” The firm sees the company contending with a tough macro environment, easing labor markets, employers hoarding full-time workers, low turnover and waning wage inflation as among its challenges.