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Rating: TBI

Trueblue Inc (NYSE: TBI) downgraded to Neutral by BofA/Merrill

Wednesday,  Jan 13, 2016  10:25 AM ET by Dave Ficere

BofA/Merrill downgraded Trueblue Inc (NYSE: TBI) to Neutral.
Previously BofA/Merrill rated Buy Trueblue Inc (NYSE: TBI) on 01/10/2014, when the stock price was $27.24.

TrueBlue, Inc. (TrueBlue) is a provider of temporary blue-collar staffing. the Company operates through brands, such as Labor Ready for on-demand, general labor services, Spartan Staffing for light industrial temporary services, CLP Resources (CLP), for skilled construction trade services, PlaneTechs, for skilled aviation services and Transportation Logistics Company (TLC) for professional truck drivers. The Company serves approximately 250,000 small to mid-sized businesses in the construction, warehousing, hospitality, landscaping, transportation, light manufacturing, retail, wholesale, facilities, sanitation, and aviation industries. In February 2008, the Company purchased TLC Services Group, Inc. In April 2008, it acquired Personnel Management, Inc. (PMI). During the fiscal year ended December 26, 2008 (fiscal 2008), the Company put approximately 500,000 people to work through its brands.


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