Bubble or no bubble, this is the best stock for AI exposure: analyst
Investing.com - Jefferies has upgraded Persol Holdings Co., Ltd (2181:JP) (OTC:TEMPF) from Hold to Buy and raised its price target to JPY350.00 from JPY280.00.
The upgrade follows Persol’s Q2 results, which were received positively by the market, with the stock outperforming the index after the announcement.
Jefferies noted that while its previous Hold rating was justified during "uneventful earnings" in recent quarters, the firm now anticipates positive developments ahead for the staffing and career services company.
The investment bank specifically highlighted a potential "growth story" in the medium term, centered on improving the hiring of consultants in Persol’s career segment.
Jefferies also cited Persol’s progress in moving beyond negatively affected projects in its technology division as another factor supporting the more optimistic outlook.
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