ManpowerGroup price target lowered to $75 from $80 at Truist

Truist analyst Tobey Sommer lowered the firm’s price target on ManpowerGroup to $75 from $80 and keeps a Hold rating on the shares. The analyst cites the company’s “downside” outlook for Q4, adding that while signs of stabilization in the U.S. and Italy were encouraging, these are offset by the ongoing declines in France. Truist adds that it prefers to see consensus estimates recalibrate toward “more realistic levels” in FY24 before becoming more constructive.