Deutsche Bank Boosts Numbers on Manpower (MAN)
Deutsche Bank maintained a Buy rating on Manpower Inc. (NYSE: MAN) and raised its price target to $74.00 (from $58.00). Deutsche Bank also raised Q3/Q4 EPS to $1.12/$1.27 vs $0.89/$1.09 prior. 2014 EPS was taken to $4.69 vs $4.42 prior.
Analyst Paul Ginocchio said, "CEO Jeff Joerres stated that revenue declines have been stable, to slightly improving, from April into July. He also stated that 4-5 European countries have shown signs of life, including the UK, NL, France and Italy. While Manpower is unwilling to say there is a recovery coming, organic revenue
declines have been stable since 4Q on a same-day basis at around -4%."
For an analyst ratings summary and ratings history on Manpower Inc. (NYSE: MAN) click here. For more ratings news on Manpower Inc. click here.
Shares of Manpower Inc. closed at $65.69 yesterday, with a 52 week range of $30.53-$66.20.
Analyst Paul Ginocchio said, "CEO Jeff Joerres stated that revenue declines have been stable, to slightly improving, from April into July. He also stated that 4-5 European countries have shown signs of life, including the UK, NL, France and Italy. While Manpower is unwilling to say there is a recovery coming, organic revenue
declines have been stable since 4Q on a same-day basis at around -4%."
For an analyst ratings summary and ratings history on Manpower Inc. (NYSE: MAN) click here. For more ratings news on Manpower Inc. click here.
Shares of Manpower Inc. closed at $65.69 yesterday, with a 52 week range of $30.53-$66.20.