ManpowerGroup price target lowered to $80 from $92 at Truist

Truist analyst Tobey Sommer lowered the firm’s price target on ManpowerGroup to $80 from $92 and keeps a Hold rating on the shares after its Q1 earnings miss. The company has seen cooling demand in the U.S. and Europe, with customers becoming more strategic around further headcount additions amid macro uncertainty, the analyst tells investors in a research note. Consensus estimates should calibrate lower following the quarter as further revenue declines should yield negative operating leverage, Truist added.