JPMorgan analyst Sylvia Barker reinstated coverage of Adecco (AHEXY) with an Underweight rating and CHF 21.20 price target The firm says some late-cycle growth beneficiaries in the European business services group will see growth moderate into 2025. At the same time, it is not yet prepared to take a more constructive view on the early-cycle names, as it is seeing some stabilization in parts of the staffing market in the U.S., but is mindful of further deceleration in Europe.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on AHEXY:
- Adecco downgraded to Neutral from Outperform at Exane BNP Paribas
- Adecco price target lowered to CHF 32 from CHF 38 at Citi
- Adecco price target lowered to CHF 35 from CHF 36 at RBC Capital
- Adecco Group Reports Resilient Q3 2024 Performance
- AHEXY Earnings this Week: How Will it Perform?
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
