ManpowerGroup price target raised to $78 from $75 at Truist

Truist raised the firm’s price target on ManpowerGroup to $78 from $75 but keeps a Hold rating on the shares. The company reported “solid” Q4 results but guided Q1 lower as most key geographies continue to weaken modestly, the analyst tells investors in a research note. Truist is positive on ManpowerGroup’s ability to unlock significant operating leverage in the early stages of an economic cycle, but remains on the sidelines and believes that forward EPS estimates still need to come down significantly, the firm added.