Robert Half upgraded to Buy from Hold at Truist

Truist upgraded Robert Half (RHI) to Buy from Hold with a price target of $90, up from $62. The firm thinks Robert Half will benefit from improving small business sentiment from a “pro-business Trump Administration promising lower taxes, less regulation and smaller government.” The company will also see benefits from further rate cuts, moderating inflation and Protiviti leveraged to a pickup in mergers, the analyst tells investors in a research note. Truist believes Robert Half shares “have based, sell-side sentiment remains poor and today’s AI boogeyman is not so scary.”