ManpowerGroup Stock Slips After Double Downgrade At Barclays

September 17, 2021 3:33 PM | 1 min read | Make a Comment

Barclays analyst Manav Patnaik double downgraded ManpowerGroup Inc. MAN to Underweight from Overweight and lowered the price target to $120 (implying an upside of 9.16%), from $140.
The company recently announced the acquisition of ettain Group, a privately-held IT resourcing and services provider, for $925 million.
ManpowerGroup anticipates the acquisition to be accretive to 2021 and 2022 EPS, excluding one-time and integration costs.
Price Action: MAN shares are trading lower by 5.89% at $110.22 on the last check Friday.