Barclays on U.S. Business and Professional Services Earnings Preview: Cutting Estimates on MAN, ADP; Prefer ECL, RHI
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Price: $58.30 --0%
Rating Summary:
7 Buy, 12 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 7 | Down: 12 | New: 19
Rating Summary:
7 Buy, 12 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 7 | Down: 12 | New: 19
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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."
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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