** 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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