BUZZ-First Advantage rises after Barclays reinstates coverage with 'overweight'

Reuters11-21

** Employment background screening co First Advantage shares are up ~3% at $18.15

** Barclays reinstates coverage of FA with "overweight" rating

** Brokerage says with FA acquiring rival Sterling, the combination is now well positioned to benefit from any recovery in hiring environment

** Barclays adds FA has one less notable competitor to lose market share to, helping it improve retention and win new business

** Brokerage set PT at $22, a ~24.9% upside on stock's last close

** 5 of 8 brokerages rate the stock "buy" or higher, 3 "hold"; their median PT is $21 — data compiled by LSEG

** Including session's moves, stock up ~9.5% YTD

(Reporting by Prakhar Srivastava in Bengaluru)

((Prakhar.srivastava2@thomsonreuters.com))

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