These Analysts Cut Their Forecasts On ManpowerGroup After Q3 Results
Portfolio Pulse from Lisa Levin
ManpowerGroup Inc. reported better-than-expected Q3 earnings but missed revenue estimates. The company also provided lower-than-expected Q4 EPS guidance. Following the earnings announcement, BMO Capital and Truist Securities lowered their price targets on ManpowerGroup.
October 20, 2023 | 6:06 pm
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ManpowerGroup's Q3 earnings beat and revenue miss, along with lower Q4 EPS guidance, led to price target cuts by BMO Capital and Truist Securities.
ManpowerGroup's mixed Q3 results and lower Q4 EPS guidance are likely to negatively impact investor sentiment in the short term. The price target cuts by BMO Capital and Truist Securities further underscore the potential downside.
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