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Deutsche Bank Securities Keeps BUY Rating on Manpower (MAN)
February 3, 2012

NEW YORK, February 3 (FinanceEnquiry.com) - Analysts at Deutsche Bank Securities reiterate their Buy rating on the shares of Manpower (NYSE: MAN). The 12-month target price is set to $52.

In a research note published yesterday, the analysts said that they are increasing Manpower’s EPS estimates on improved revenue growth and notable lower costs. Manpower is still seen as the most attractive stock in Deutsche Bank’s staffing universe. The 1QE12 and 2QE12 EPS are raised from $0.20 to $0.35 and from $0.57 to $0.78, respectively. The 2012E EPS rose 21% from $2.60 to $3.15, with the previous Street at $3.19, Deutsche Bank Securities adds.
 

 

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