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Fly News Breaks for April 22, 2019
MAN
Apr 22, 2019 | 09:22 EDT
RBC Capital analyst Seth Weber raised his price target on ManpowerGroup to $114 and kept his Outperform rating after its Q1 results, also raising his FY19 and FY20 EPS outlook by 25c and 65c to $7.85 and $8.80 respectively. The analyst says the quarter featured "good news" out of Europe, as the management has noted "stabilization in several key markets" while Q2 outlook further implied a "stable trajectory" in France, UK, Italy, and Netherlands along with better trend in Spain, Germany, and Belgium markets. Weber has also updated his expected FY19 E.U. constant currency revenue to down 2.5% from down 3.5%.
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