ManpowerGroup (MAN): EU Recovery Could Create Opportunity - Piper Jaffray

August 25, 2016 7:00 AM EDT
Get Alerts MAN Hot Sheet
Price: $78.35 -2.05%

Rating Summary:
    7 Buy, 8 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 26 | Down: 29 | New: 38
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Piper Jaffray analyst, George Tong, reiterated his Overweight rating on shares of Manpower Inc. (NYSE: MAN) after traveling with the CFO and Investor relations. The analyst believes there is an improving outlook for temp staffing revenue performance in the EU. The EU continues to be on a choppy trajectory of recovery while efficiency initiatives at MAN serve as a driver of margin expansion.

No change to the price target of $85 but the analyst thinks that a depressed 10x 2017E P/E multiple on depressed expectations creates attractive upside opportunity in the shares.

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 $71.10 yesterday.

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