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Fly News Breaks for October 18, 2019
MAN
Oct 18, 2019 | 11:07 EDT
Credit Suisse analyst Kevin McVeigh said he expects ManpowerGroup shares to be volatile after the company's Q3 report and Q4 EPS guidance that missed expectations. Following the company's report, he trimmed his 2019-20 EPS forecast and lowered his price target on the stock to $78 from $82. He remains cautious on the stock, despite valuation, as he continues to see more negative consensus revisions ahead, said McVeigh, who keeps an Underperform rating on shares.
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