Adecco downgraded to Neutral from Buy at Citi

Citi analyst Marc Van’T Sant downgraded Adecco (AHEXY) to Neutral from Buy with a price target of CHF 18, down from CHF 21. While the European staffing names could “squeeze” when the war ends, the negative AI negative will come back, potentially weighing on pricing and gross margin expectations, the analyst tells investors in a research note. Citi downgraded four names in the space.