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Fly News Breaks for June 27, 2016
MAN
Jun 27, 2016 | 06:21 EDT
Credit Suisse analyst Anjaneya Singh downgraded Manpower to Neutral nad lowered its price target to $73 from $88 following the Brexit vote. The analyst said 10% of Manpower's revenue comes from the UK and Credit Suisse economists expect the region to slip into recession by year end. With lower client confidence and a region that comprises 65% of Manpower's revenue, Singh believes a Neutral rating is more appropriate.
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