ManpowerGroup price target raised to $87 from $80 at BMO Capital

BMO Capital analyst Jeffrey Silber raised the firm’s price target on ManpowerGroup to $87 from $80 but keeps a Market Perform rating on the shares after its Q2 earnings beat. European permanent recruitment took a leg down during the quarter and is expected to remain weak as hiring confidence eroded, though the management expects trends to stabilize or potentially improve across most geographies in Q3, the analyst tells investors in a research note. Given greater recessionary fears in Europe however, it’s “difficult to recommend” this name, the firm added.