ManpowerGroup price target lowered to $48 from $54 at BMO Capital

BMO Capital lowered the firm’s price target on ManpowerGroup (MAN) to $48 from $54 and keeps a Market Perform rating on the shares after its Q1 earnings miss. The quarter had started off well, but the uncertainty regarding a delayed French budget and the changes in U.S. trade policy had led to a wait-and-see hiring approach, the analyst tells investors in a research note. ManpowerGroup’s below consensus guidance also assumes no improvement from current trends, the firm adds.