Tuesday, May 12, 2026
Joe Gomes, CFA, Managing Director, Equity Research Analyst, Generalist , Noble Capital Markets, Inc.
Refer to the full report for the price target, fundamental analysis, and rating.
Income Statement. Our note yesterday reviewing Kelly’s first quarter operating results and updated projections went out with the incorrect updated income statement projections table. The numbers in the body of the report are correct. We have attached the correct updated model.
Maintaining Outperform. We are maintaining our Outperform rating and $17 price target. While it will take some time to see what changes Hunt will bring to Kelly, we believe the shares are oversold and present a positive risk/reward opportunity. Diversification into higher growth, higher margin specialties, and the benefits acquired from the expansion are significant assets that have repositioned the Company, in our view.
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*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.