ManpowerGroup price target raised to $84 from $81 at BMO Capital

BMO Capital raised the firm’s price target on ManpowerGroup to $84 from $81 and keeps a Market Perform rating on the shares. The company reported a slight earnings beat mainly due to a lighter tax rate while the management pointed to stability across most regions, with “less-worse” trends in the U.S. and Italy, the analyst tells investors in a research note. Ahead of the quarter, BMO saw expectations for ManpowerGroup as “relatively low”, also noting that the better-than-expected Q2 margin guidance was well-received given the shares performance.