The Fly

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

Truist analyst Tobey Sommer raised the firm’s price target on ManpowerGroup to $92 from $80 and keeps a Hold rating on the shares. The company’s Q1 guidance topped consensus, but its management also indicated that demand has cooled across the portfolio as customers begin to pull back on hiring initiatives, the analyst tells investors in a research note. The firm maintains a cautious stance given that negative operating leverage will likely compress EBITDA margin as volumes decline sequentially.

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