Truist analyst Tobey Sommer has revised the price target for ManpowerGroup (MAN, Financial), decreasing it from $55 to $48 while maintaining a Hold rating on the stock. This adjustment arises from concerns over ManpowerGroup's significant involvement with manufacturing clients, particularly as economic growth shows signs of slowing in several crucial markets.
The analyst highlights that ManpowerGroup's current guidance primarily reflects existing demand trends. However, there is a potential for further downturns should the broader economic conditions continue to decline. This cautious outlook underscores the challenges that ManpowerGroup might face in navigating an uncertain economic landscape.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 9 analysts, the average target price for ManpowerGroup Inc (MAN, Financial) is $57.78 with a high estimate of $78.00 and a low estimate of $42.00. The average target implies an upside of 44.19% from the current price of $40.07. More detailed estimate data can be found on the ManpowerGroup Inc (MAN) Forecast page.
Based on the consensus recommendation from 13 brokerage firms, ManpowerGroup Inc's (MAN, Financial) average brokerage recommendation is currently 2.8, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for ManpowerGroup Inc (MAN, Financial) in one year is $72.20, suggesting a upside of 80.18% from the current price of $40.07. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the ManpowerGroup Inc (MAN) Summary page.
