ManpowerGroup price target lowered to $75 from $84 at JPMorgan

JPMorgan analyst Andrew Steinerman lowered the firm’s price target on ManpowerGroup to $75 from $84 and keeps a Neutral rating on the shares following the Q2 report. During the conference call, management noted that employer hiring confidence is generally holding steady at lower levels, as inflation is moderating and economies are cooling in Europe and North America, the analyst tells investors in a research note. The firm says ManpowerGroup’s Q3 outlook still points to revenue declines.