These Analysts Cut Their Forecasts On ManpowerGroup After Q3 Results

ManpowerGroup Inc. MAN reported better-than-expected earnings for its third quarter.

Revenues from services declined 2.6% year-on-year to $4.676 billion, missing the analyst consensus of $4.70 billion. Adjusted EPS of $1.38 beat the analyst consensus of $1.35.

The company said it sees fourth-quarter EPS of $1.17-$1.27, against the analyst consensus of $1.36.

ManpowerGroup shares gained 1.2% to trade at $70.31on Friday.

These analysts made changes to their price targets on ManpowerGroup following earnings announcement.

• BMO Capital lowered the price target on ManpowerGroup from $88 to $79. BMO Capital analyst Jeffrey Silber maintained a Market Perform rating.
• Truist Securities cut the price target on ManpowerGroup from $80 to $75. Truist Securities analyst Tobey Sommer maintained a Hold rating on the stock.

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