Randstad: Jefferies raises its rating
(CercleFinance.com) - Jefferies has raised its recommendation on Randstad from 'hold' to 'buy', with a price target raised by 19% to 50 euros, citing the Dutch company as its favorite stock in the European human resources services sector.
'We see the stock outperforming the sector as we believe it offers the most attractive earnings profile for this year, while expectations now seem appropriately set', the broker judges.
In his opinion, a favorable basis of comparison and a more attractive mix should support a return to growth on an annual basis (+12% for adjusted EBIT in 2025), and the strength of the balance sheet could provide additional catalysts in the next 12-24 months.
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