William Blair analyst Trevor Romeo has maintained their neutral stance on MAN stock, giving a Hold rating yesterday.
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Trevor Romeo’s rating is based on several factors, including ManpowerGroup’s recent financial performance and market conditions. The company’s second-quarter results exceeded expectations in terms of both revenue and earnings, with revenue declining less than anticipated and certain segments outperforming. However, the gross margin was below guidance, influenced by weak trends in permanent placements, although the adjusted EBITA margin slightly surpassed estimates.
Despite better-than-expected third-quarter guidance, boosted by favorable exchange rates, there remains a backdrop of macroeconomic and trade policy uncertainties affecting key markets. The stock’s valuation metrics, such as P/E and EV/EBITDA, are below long-term averages, reflecting these challenges. Consequently, Trevor Romeo has given his Hold rating due to a combination of these factors, indicating a cautious outlook amidst the uncertain environment.
In another report released yesterday, TR | OpenAI – 4o also reiterated a Hold rating on the stock with a $44.00 price target.