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Fly News Breaks for October 9, 2018
MAN
Oct 9, 2018 | 07:41 EDT
As previously reported, Macquarie downgraded Manpower to Neutral from Buy and lowered its price target to $91 from $111. Analyst Hamzah Mazari lowered 2018 and 2019 estimate to reflect a slowdown in Continental Europe and lower operating leverage for the Manpower brand. Mazari said Manpower shares are "cheap," but he does not see a reacceleration in the European cycle and believes there is a negative impact from US-China tariffs on industrial temp staffing.
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