Robert Half price target lowered to $79 from $84 at Baird

Baird lowered the firm’s price target on Robert Half to $79 from $84 and keeps an Outperform rating on the shares. The firm said Q1 results were somewhat mixed; guidance reflects a positive second derivative on revenue trends and sequential improvement in Protiviti. However, pace of improvement is slow in talent solutions as small business confidence continues to be depressed and employee churn has slowed.