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Fly News Breaks for July 25, 2019
ASGN
Jul 25, 2019 | 08:17 EDT
SunTrust analyst Tobey Sommer lowered his price target on ASGN to $84 after its Q2 earnings miss and a "slight" margin compression, which he attributes to the Q1 acquisition of lower-margin DHA and a mix-shift from permanent placement related to turnover in the CyberCoders business. The analyst keeps his Buy rating on ASGN however and recommends that investors buy the weakness, stating that the backdrop for IT Staffing remains "robust".
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