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Robert Half Gets Upgrade

Robert Half Gets Upgrade
Analyst Ashwin Shirvaikar of Citigroup has upgraded Robert Half International from "hold" to "buy."
According to Citigroup, the upgrade in the rating reflects the signs of improvements in the temporary employment sector and the optimism regarding the long-term secular trends in the staffing market. Robert Half International is well-positioned to capitalize on a global economic recovery and a higher temp employment penetration rate, given its strong operating fundamentals and balance sheet, the analyst mentions.
Temporary employment has grown sequentially over the past four months in the U.S., indicating a turnaround, the analyst says. The analyst expects RHI to witness high incremental margins during 2010. The analyst believes that the companys results during 2010 would be better than the current consensus projections.

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