MAN - ManpowerGroup Bears The Brunt Of Macro Woes Amid Weakness In Europe Analyst Says Tough To Recommend This Name | Benzinga
BMO Capital Markets analyst Jeffrey M. Silber reiterates the Market Perform rating on ManpowerGroup (NYSE: MAN), lowering the price target to $79 from $88.
The company reported third-quarter FY23 results where revenues from services declined 2.6% year-on-year to $4.676 billion, missing the analyst consensus of $4.70 billion.
Revenues fell 5% at constant currency.
Geographically, Northern Europe was the largest miss compared to prior forecast, with other countries relatively in line ...