Goldman Sachs analyst George Tong raised the firm’s price target on ManpowerGroup (MAN) to $33 from $30 and keeps a Neutral rating on the shares. Manpower delivered a strong Q1 beat with upbeat Q2 guidance, supported by improving European manufacturing trends and early benefits from AI-driven productivity and growth initiatives, the analyst tells investors in a research note. However, uneven segment performance, margin pressure, and geopolitical risks temper the outlook despite longer-term efficiency gains from its transformation program, Goldman says.
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