These Analysts Slash Price Targets On Resources Connection After Q3 Results

Resources Connection, Inc. RGP reported better-than-expected Q3 results.

Resources Connection reported quarterly earnings of $0.37 per share, beating analysts’ estimates of $0.32 per share. The company’s quarterly sales came in at $186.78 million, versus expectations of $183.92 million.

Resources Connection shares dropped 2.8% to close at $16.62 on Tuesday and lost 0.7% in today’s pre-market trading session.

These analysts made changes to their price targets on Resources Connection following the release of guidance.

• Baird cut the price target on Resources Connection from $21 to $18. Baird analyst Mark Marcon maintained a Neutral rating.
• JP Morgan slashed the price target on Resources Connection from $18 to $15. JP Morgan analyst Andrew Steinerman maintained an Underweight rating.

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