UPDATE - Barclays Downgraded Manpower (MAN) to Equalweight; Take Profits & Move Into RHI

UPDATE - Barclays downgraded Manpower Inc. (NYSE: MAN) from Overweight to Equalweight, maintains price target of $50.00.

Analyst, Gary E. Bisbee, said, "Given deteriorating fundamentals and our belief that risks are skewed to the downside over the next few quarters, we are downgrading MAN...Within the staffing space, we find Robert Half (NYSE: RHI) a far more attractive investment for 2012, despite its somewhat higher valuation."

Yesterday, shares spiked over $5 (+10%) and Bisbee suggests taking profits. In afternoon trading today, MAN has sold off slightly, down about $1 to $44.

To see more ratings on MAN, Click Here

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