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Fly News Breaks for January 14, 2020
RHI, MAN
Jan 14, 2020 | 08:15 EDT
Barclays analyst Manav Patnaik upgraded ManpowerGroup (MAN) to Overweight from Underweight with a price target of $112, up from $85. The analyst also keeps an Underweight rating on shares of Robert Half (RHI). The analyst finds the near-term risk/reward in Europe appealing. The "hyper-cyclical" staffing names continue to be viewed as a macro call, and given questions around each's key markets, taking a shorter term view is prudent, Patnaik tells investors in a research note. Even after ManpowerGroup's strong run in 2019, the analyst sees enough upside to upgrade to Overweight.
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