BofA Securities Upgrades Resources Connection Stock from Sell to Neutral

Shares of Resources Connection, Inc. (NASDAQ: RGP) were just recently upgraded by an equity research analyst at BofA Securities, which is a bullish signal for existing and potential investors in RGP stock. Here’s what you need to know about the analyst upgrade:

BofA Securities Upgrades RGP Stock

BofA Securities moved its rating on shares of RGP from sell to neutral and moved its price target on Resources Connection stock from $49 to $58. The last traded price per share of RGP at the time of writing this is $18.59, indicating tremendous upside from here. In case you’re not very familiar with Resources Connection, Inc., here’s an overview:

About Resources Connection, Inc. (NASDAQ: RGP)

Resources Connection, Inc. provides consulting services to business customers under the Resources Global Professionals name in North America, Europe, and the Asia Pacific. The company offers services in the areas of transactions, including integration and divestitures, bankruptcy/restructuring, going public readiness and support, financial process optimization, and system implementation; and regulations, such as accounting regulations, internal audit and compliance, data privacy and security, healthcare compliance, and regulatory compliance. It also provides transformations services comprising finance transformation, digital transformation, supply chain management, cloud migration, and data design and analytics. The company has a strategic alliance with Kotter International, Inc. to accelerate joint business development initiatives. The company was formerly known as RC Transaction Corp. and changed its name to Resources Connection, Inc. in August 2000. Resources Connection, Inc. was founded in 1996 and is headquartered in Irvine, California. You can learn more on the Resources Connection website here.