Exane BNP Paribas analyst Andrew Grobler upgraded ManpowerGroup to Outperform from Underperform with a $92 price target. The firm upgraded the staffing sector, expecting growth to improve and for the earnings downgrade cycle to turn positive. The sector is close to its lows and momentum will improve, the analyst tells investors in a research note. Adecco remains Exane’s top pick among the generalists with Robert Half its top pick within specialist and PageGroup its preferred UK domiciled staffer.
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