In a report published Wednesday, Credit Suisse analyst Hamzah Mazari reiterated an Outperform rating on ManpowerGroup MAN, and raised the price target from $97.00 to $100.00.
In the report, Credit Suisse noted, “Overall market trends in Q2 look in line with expectations despite French temp staffing data declining sequentially in April (holiday related). US unemployment looks better but is skewed because of low workforce participation. In Europe - the environment in France, Spain, Italy, Portugal, etc. stabilizing, and things look better on a relative basis (i.e. coming off a low base), but UK and Germany are doing well.
"In APAC, emerging markets are a mixed bag (India is better while China and Latin America are worse at the margin; the flattish market growth in Japan offsets the low unemployment in the region).”
ManpowerGroup closed on Tuesday at $81.87.
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