Adecco: Barclays remains positive, trims TP

(CercleFinance.com) - Barclays confirms its 'overweight' recommendation on Adecco shares, with a target price trimmed from 42 CHF to 40 CHF, believing that a 'bear case' (15% drop in the share price) seems unrealistic for the Swiss human resources services group's stock.


the broker believes that a dividend cut could alleviate some of the balance sheet concerns and help change an unfair market perception that Adecco is currently more vulnerable to the cycle than its peers.


Copyright (c) 2024 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.