Barclays Maintains an 'Equalweight' on Manpower (MAN); Hiring Survey Sends Mixed Message

June 13, 2012 12:46 PM EDT Send to a Friend
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Price: $56.45 -1.31%

Rating Summary:
    1 Buy, 6 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 11 | Down: 18 | New: 13
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Barclays maintains an 'Equalweight' on Manpower Inc. (NYSE: MAN) price target of $50.00 (from $46.00).

Analyst, Gary E. Bisbee, said, "We are trimming our estimates and price target on MAN to incorporate recent F/X trends (weaker Euro) and also to push out expected return to European constant currency revenue growth by 3-6 months (to 2Q-3Q'13)." (FY12 EPS estimate lowered from $2.95 to $2.84 and FY13 from $3.56 to $3.30)

For an analyst ratings summary and ratings history on Manpower Inc. click here. For more ratings news on Manpower Inc. click here.

Shares of Manpower Inc. closed at $35.64 yesterday, with a 52 week range of $31.81-$58.64.


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