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Fly News Breaks for April 23, 2018
MAN
Apr 23, 2018 | 08:34 EDT
SunTrust analyst Tobey Sommer lowered his price target on Manpower to $128 and kept his Hold rating after the company's Q1 earnings showed a 1% decline in the America's segment revenue. Despite the reduced volume and the 6% adjusted billings decline in the region, Sommer expects results to improve in Q2. Looking ahead, Sommer says Manpower remains "one of the best run professional staffing firms in the world", but its exposure to Europe and other non-U.S. regions could weigh on its growth rate in the near term.
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