William Blair analyst Trevor Romeo has maintained their neutral stance on MAN stock, giving a Hold rating on April 15.
Trevor Romeo has given his Hold rating due to a combination of factors affecting ManpowerGroup’s current and future performance. The company’s recent earnings report showed disappointing results, with first-quarter adjusted EPS and second-quarter guidance falling short of expectations, primarily due to margin weakness. Although there is some positive momentum in regions like Latin America and Asia, and a rebound in the U.S. market, the overall demand remains uncertain, particularly in France and Northern Europe.
Furthermore, the ongoing tariff-related uncertainties are expected to delay a demand rebound, with second-quarter guidance reflecting these concerns. The company’s margins and EPS are under pressure from softness in higher-margin businesses and higher tax rates, which are expected to compress earnings through 2025. Despite trading below long-term valuation averages, the macroeconomic challenges and fears of a global trade war contribute to a cautious outlook, justifying the Hold rating.
Romeo covers the Industrials sector, focusing on stocks such as Korn Ferry, ManpowerGroup, and Robert Half. According to TipRanks, Romeo has an average return of 0.7% and a 62.50% success rate on recommended stocks.
In another report released on April 15, Truist Financial also maintained a Hold rating on the stock with a $55.00 price target.