ManpowerGroup price target raised to $65 from $55 at BofA

BofA raised the firm’s price target on ManpowerGroup to $65 from $55 and keeps an Underperform rating on the shares as the firm rolls forward valuation to 2025. Q4 EPS beat expectations, but Q1 guidance missed the Street view and the firm views the recent turmoil in the Red Sea as an incremental risk. Manpower’s customer demand remains challenged amid soft economic growth in Europe and the U.S., while weak CEO confidence and depressed PMI levels across Europe and the U.S. “bode poorly” for the near-term, the analyst tells investors.