DA Davidson Reiterates Buy Rating on Hirequest Inc. (HQI)

DA Davidson analyst Michael Baker reiterated a Buy rating and $15.00 price target on Hirequest Inc. (NASDAQ: HQI).

The analyst commented, "HireQuest announced an offer to acquire TrueBlue (TBI) in an all stock deal. The public announcement follows several attempts by HQI to engage with TBI, according to their filings. But, after being rebuffed, HQI has made their acquisition attempt public. Subsequent to this announcement, TBI has rejected the offer as undervaluing their business. We have been including HireQuest in our special situation S.T.A.M.P.E.D.E. product prior to this announcement under the “E” for “Equity/Debt Recaps”. But, we are now moving that categorization to “T” for “Take-outs”."

For an analyst ratings summary and ratings history on Hirequest Inc. click here. For more ratings news on Hirequest Inc. click here.

Shares of Hirequest Inc. closed at $9.20 yesterday.

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