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Benzinga
Benzinga
Business
Akanksha Bakshi

Truist Cuts ASGN Price Target By 27% - Read Why

ASGN NYSE Truist Securities
  • ASGN Inc (NYSE:ASGN) price target has been lowered to $110 (an upside of 32%) from $150 by Truist Securities analyst Tobey Sommer.
  • The price target reduction reflects a reduced forward earnings multiple among its peers. Meanwhile, the analyst maintained the Buy rating on the shares.
  • Sommer states that the company's emerging Consulting segment should be the fundamental reason to own the stock.
  • Price Action: ASGN shares are trading lower by 2.85% at $83.13 on the last check Tuesday.
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