Barclays on U.S. Business and Professional Services Earnings Preview: Cutting Estimates on MAN, ADP; Prefer ECL, RHI
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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
Rating Summary:
1 Buy, 6 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Trade MAN Now!
Barclays on U.S. Business and Professional Services: Earnings Preview
Analyst, Gary E. Bisbee, sees Manpower (NYSE: MAN) having the most downside risk, considering its large European exposure. Barclays maintains an Equalweight rating on MAN, but lowers its price target from $46 to $42, cuts FY12 EPS estimate from $2.83 to $2.78 and FY13 from $3.28 to $3.14. Bisbee also thinks the ADP (NYSE: ADP) FY13 Steet estimate is too high (at $2.99), seeing closer to $2.92.
Bisbee, said, "In terms of our top picks, we continue to like Ecolab (NYSE: ECL) and Robert Half (NYSE: RHI) as our top picks for the next 12 months, and also think that Iron Mountain (NYSE: IRM) and Corporate Executive Board (Nasdaq: EXBD) are good ideas that are likely to generate strong returns for investors."
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Analyst, Gary E. Bisbee, sees Manpower (NYSE: MAN) having the most downside risk, considering its large European exposure. Barclays maintains an Equalweight rating on MAN, but lowers its price target from $46 to $42, cuts FY12 EPS estimate from $2.83 to $2.78 and FY13 from $3.28 to $3.14. Bisbee also thinks the ADP (NYSE: ADP) FY13 Steet estimate is too high (at $2.99), seeing closer to $2.92.
Bisbee, said, "In terms of our top picks, we continue to like Ecolab (NYSE: ECL) and Robert Half (NYSE: RHI) as our top picks for the next 12 months, and also think that Iron Mountain (NYSE: IRM) and Corporate Executive Board (Nasdaq: EXBD) are good ideas that are likely to generate strong returns for investors."
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