Barrett Business Services (BBSI) stock is soaring 5.32% in pre-market trading on Thursday, following a bullish analyst report. The surge comes as Barrington analyst Vincent Colicchio reaffirmed his Buy rating on the company, signaling strong confidence in BBSI's financial performance and growth prospects.
The maintained Buy rating suggests that Barrington sees significant upside potential for Barrett Business Services. While the exact price target was not disclosed in the available information, the analyst's positive stance likely reflects optimism about the company's future earnings and market position.
Investors appear to be reacting positively to this vote of confidence from a respected analyst. The pre-market surge indicates that market participants are aligning their expectations with the bullish outlook, potentially anticipating strong financial results or positive developments from Barrett Business Services in the near future.
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