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Fly News Breaks for September 26, 2019
MAN
Sep 26, 2019 | 07:55 EDT
SunTrust analyst Tobey Sommer lowered his price target on ManpowerGroup to $90, kept his Hold rating, and also lowered his FY20 EPS view on the company to $7.94 from $8.28. The analyst cites the weaker PMI data coming out of Europe generally and Germany specifically, along with the currency translation weakness related to the softness of EUR and GBP vs. USD. Sommer anticipates continued "mixed" performance by country, with stronger U.S. and Japan and relatively weak France and Germany markets.
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