Argus on Manpower Inc. (MAN): 'The current dividend yield of 3.9% is attractive and safe, in our view'
Argus analyst David Coleman reiterated a Hold rating and {REMOVEPT} price target on Manpower Inc. (NYSE: MAN).
The analyst comments " Our rating on ManpowerGroup Inc. (NYSE: MAN), a provider of employee placement and workforce services is HOLD. Manpower's results have been hurt by weak economic conditions and soft demand for staffing services, and management projects continued declines in revenue and earnings in the current first quarter. Our long-term rating is BUY. We expect Manpower to benefit over time from its investment in data analytics and have a positive view of the company's long-term prospects as it focuses on selling higher-margin services. The current dividend yield of 3.9% is attractive and safe, in our view."
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Shares of Manpower Inc. closed at $74.84 yesterday.