Barclays Cuts PT & Estimates on Manpower (MAN); Prefers Robert Half (RHI) Over Next 6-12 Months
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Price: $58.13 +0.61%
Rating Summary:
1 Buy, 6 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 24 | New: 24
Rating Summary:
1 Buy, 6 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 24 | New: 24
Trade MAN Now!
Barclays reiterates an 'Equalweight' on Manpower Inc. (NYSE: MAN) price target of $40.00 (from $42.00).
Analyst, Gary E. Bisbee, said, "MAN reported slightly better than expected 2Q'12 results, but 3Q'12 guidance indicated that trends continue to weaken across most of its major markets. While MAN is far from expensive on a historical basis at 12.4x/11.6x our new CY'12-'13 EPS estimates, we remain cautious and see risk to estimates remaining skewed to the downside over the next few quarters."
FY12 EPS estimate is lowered from $2.78 to $2.69 and FY13 from $3.14 to $2.88. Bisbee prefers Robert Half (NYSE: RHI) in the space.
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 $33.46 yesterday, with a 52 week range of $31.81-$56.64.
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Analyst, Gary E. Bisbee, said, "MAN reported slightly better than expected 2Q'12 results, but 3Q'12 guidance indicated that trends continue to weaken across most of its major markets. While MAN is far from expensive on a historical basis at 12.4x/11.6x our new CY'12-'13 EPS estimates, we remain cautious and see risk to estimates remaining skewed to the downside over the next few quarters."
FY12 EPS estimate is lowered from $2.78 to $2.69 and FY13 from $3.14 to $2.88. Bisbee prefers Robert Half (NYSE: RHI) in the space.
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 $33.46 yesterday, with a 52 week range of $31.81-$56.64.
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