Adecco: share price down, UBS lowers guidance

(CercleFinance.com) - Adecco's share price fell by almost 1% as UBS reaffirmed its 'sell' recommendation on the company, while lowering its target price from CHF 30 to CHF 25.


This new target implies a potential downside of 12% for the Swiss human resources services group.

We believe that staffing markets will weaken further in the second half of 2024, making it even more difficult to balance short-term profitability with capacity protection", says the broker.

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