Truist analyst Tobey Sommer lowered the firm’s price target on ManpowerGroup (MAN) to $34 from $38 and keeps a Hold rating on the shares after its Q1 earnings beat. The company kicked off staffing company earnings with an encouraging note though its guidance is also showing 70 basis points of gross margin pressure, the analyst tells investors in a research note. Manpower’s sustained organic revenue growth could drive operating leverage given bench exposure and a more constructive outlook, the firm added.
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