ManpowerGroup price target lowered to $80 from $81 at UBS

UBS lowered the firm’s price target on ManpowerGroup to $80 from $81 and keeps a Neutral rating on the shares. ManpowerGroup reported above-consensus Q1 results and guided Q2 EPS above the Street, the first time in five quarters where forward guidance exceeded consensus estimates, the analyst tells investors in a research note. While recent stability creates an improved backdrop for the stock, the firm looks for more conviction surrounding macro trends before potentially becoming more constructive.