Home : Research : Equity Research : U.S. Equity Research : U.S. Equity Research News

U.S. Equity Research News

Share |

Silber Upgrades Spherion (SFN) to OUTPERFORM from MARKET PERFORM

February 5, 2010

Jeff Silber, senior research analyst covering the Staffing industry, has today upgraded Spherion (SFN) to an OUTPERFORM rating from MARKET PERFORM.

From Silber’s note: “We were surprise to see the stock so weak early in the day (down 16% at one point) though it rallied toward day's end. We came away from the conference call more enthusiastic regarding the pace of the company's momentum coming out of the downturn and the beneficial impacts of the Tatum acquisition. While the bulk of its revenues (roughly 56% pro forma) are from early-cycle commercial staffing, the Tatum acquisition, along with recent acquisitions/expansions of other professional staffing units, should help the company ride the economic recovery a bit longer than last cycle.”

To receive a full copy of the report or for more information, please contact your BMO Capital Markets representative.

<< Previous

Full List of News Items