Deutsche Bank Has Buy Rating On SFN Group (SFN)

Deutsche Bank has a Buy rating and a $17 price target on shares of SFN Group SFN after it reported earnings. In a note to clients, Deutsche Bank writes, "We have analyzed the potential impact of continuing strong growth in RPO for the rest of 2011. We think RPO could provide $0.05 to $0.09 (+8% to +15%) to our '11E EPS of $0.61 vs Street's $0.59. While we are not changing our EPS ests., we think RPO either provides future upside, or offsets any potential for further disappointment. With SFN at 17.3x our 2011E EPS and 8.4x P/FCF, we find the current price an attractive entry point and reiterate our Buy and $17 PT." Shares of SFN lost 48 cents yesterday to close at $10.59, a loss of 4.34%.