Baird analyst Mark Marcon raised the firm’s price target on ManpowerGroup to $101 from $94 and keeps an Outperform rating on the shares. The analyst said pricing remains rational and the company is reducing its expenses in areas where demand has softened while continuing to invest in growth initiatives. Baird raised its estimates and price target reflecting better earnings power.
Published first on TheFly
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Read More on MAN:
- ManpowerGroup CEO says Q4 results ‘reflect a softening demand environment’
- ManpowerGroup Reports 4th Quarter 2022 Results
- ManpowerGroup sees Q1 diluted EPS $1.61-$1.71, consensus $1.54
- ManpowerGroup reports Q4 adjusted EPS $2.08, consensus $2.11
- ManpowerGroup downgraded to Neutral from Buy at Northcoast
