In a report published Friday, Deutsche Bank reiterated its Buy rating on Manpower MAN, and raised its price target from $48.00 to $52.00.
Deutsche Bank noted, “ManpowerGroup is setting out to make better margins on lower revenue growth. We like this strategy. Their belief is that low global GDP growth is likely for the next couple years. Our 4QE EPS changes from $0.64 to $0.78 (prior Street $0.69) while 1Q13 goes from $0.22 to $0.35 (prior Street $0.42). Our '13E EPS moves from $2.75 to $2.94 (prior Street at $2.85). We are raising our $48 price target to $52. We reiterate our Buy.”
Manpower closed on Thursday at $39.53.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
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!
Already a member?Sign in