Staying steady on Servcorp

Although its shares recently topped our Sell price, we're not yet ready to say goodbye to the serviced office provider.

We note that Servcorp has breached our $8 Sell price during the past couple of days. We'll typically give a stock a little leeway before changing our recommendation after it passes through one of our price triggers to save too much chopping and changing if it moves about that level. That's particularly the case in this instance, because Servcorp is a high-quality company and we're reluctant to let it go. The stock is on our list for a detailed review, which should be published in the next few weeks and may involve a change to the price guide. In the meantime, we recommend that you HOLD.

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