Exane BNP Paribas analyst Andrew Grobler double downgraded ManpowerGroup to Underperform from Outperform with a $70 price target. The analyst is more cautious on rental companies in 2024 saying supply/demand metrics, which have been a major tailwind for the past three years, will being to reverse. The firm also sees downside risk in staffing due to challenging labor markets across most markets.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on MAN:
