Morgan Stanley Maintains Equal-Weight on Manpower

Morgan Stanley reiterates its Equal-weight rating on Manpower MAN as the company's low valuation multiple is offset by a weak Europe and a strengthening dollar. Morgan Stanley says, “Our analysis reveals Street ‘12-13 estimates are too high assuming a European recession, strong dollar, and costs associated with continued expansion in EM. However, the stock is trading at near trough multiples, which we don't feel is justified.” MAN closed at $36.12 per share on Monday.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
date
ticker
name
Price Target
Upside/Downside
Recommendation
Firm
Posted In: Analyst ColorReiterationPre-Market OutlookAnalyst RatingsHuman Resource & Employment ServicesIndustrialsMorgan Stanley
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!