Zacks Investment Research upgraded shares of Labor Smart Inc (LTNC) from N/A to OUTPERFORM on May 24, 2013, with a target price of $0.80.
Labor Smart, Inc. is an emerging growth company that serves the on-demand labor market, focusing primarily on filling blue-collar staffing positions on a temporary basis. In just two short years, the company has grown its footprint to 14 branches operating in nine states, up from only two in 2011, and annual revenue to an estimated $15.5 million in 2013, up from only $0.16 million in 2011. With a seasoned industry veteran at the helm, an experienced operating team, an ambitious growth strategy and the tailwind of favorable sector dynamics, we initiate coverage of Labor Smart with an Outperform rating on the shares.
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