RBC Capital lowered the firm’s price target on Randstad to EUR 54 from EUR 55 and keeps a Sector Perform rating on the shares. The firm cites continuing tough market data, some impact of a weaker perm/RPO on gross margin and forex. RBC continues to expect Randstad to execute well, but with the stock trading around its mid-cycle valuation, the firm remains on the sidelines for now.
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