Manpower (MAN) PT Raised to $89 at Deutsche Bank

Deutsche Bank analyst Paul Ginocchio reiterated a Buy rating and raised estimates and his price target on Manpower Inc. (NYSE: MAN) to $89.00 (from $80.00). The firm also raised estimates on Robert Half International (NYSE: RHI).

Ginocchio commented, "We are raising our estimates for ManpowerGroup and price target from $80 to $89 to account for the strong temp trends coming out of Europe, enough to offset the incremental FX headwind. We have also slightly raised RHI for the same reasons. Due to Europe being earlier in the cycle and MAN's more attractive valuation versus history, we like it more than RHI. TBI remains our top pick in staffing due to its attractive valuation and visible bridge back to 6-8% organic revenue growth by 3Q15E. Our checks suggest stable IT staffing growth thus no changes to our ASGN or KFRC ests."

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 $85.40 yesterday.

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