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ManpowerGroup’s Target Cut at Citigroup (MAN)

Human resources firm ManpowerGroup ( MAN ) on Monday saw its price target slashed dramatically by analysts at Citigroup.

The firm said it lowered its target for MAN from $79 all the way down to $48. That new target suggests a 26% upside to the stock's Friday closing price of $38.23. Citigroup maintained its "Buy" rating on the stock as well.

Manpower shares, which have fallen over 39% year-to-date, were unchanged in premarket trading Monday.

The Bottom Line

Shares of Manpower ( MAN ) have a 2.09% dividend yield, based on Friday's closing stock price of $38.23. The stock has technical support in the $36 price area. If the shares can firm up, we see overhead resistance around the $42-$46 price levels.

ManpowerGroup ( MAN ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.1 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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