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Fly News Breaks for October 11, 2017
KFRC
Oct 11, 2017 | 07:59 EDT
As previously noted, SunTrust analyst Tobey Sommer downgraded Kforce to Hold from Buy and lowered his price target to $22 from $23 following the recent 16% appreciation in the stock. Sommer expects EBIT margins to remain below the 2007 peak of 6.7%, adding that efforts to generate organic Tech Flex revenue growth may also weigh on profitability.
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