Truist analyst Tobey Sommer lowered the firm’s price target on ManpowerGroup (MAN) to $48 from $55 and keeps a Hold rating on the shares. The firm is cautious on Manpower given the company’s exposure to manufacturing clients amid faltering economic growth in many key markets, the analyst tells investors in a research note. Truist adds that guidance by ManpowerGroup only reflects current demand trends and could see further downside if the economy worsens.
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