Randstad: Jefferies upgrades stock

(CercleFinance.com) - Jefferies has upgraded its recommendation on Randstad from "hold" to "buy", with its target price raised by 19% to E50, citing the Dutch company as its favourite stock in the European human resources services sector.


We see the share outperforming the sector, as we believe it offers the most attractive earnings profile for this year, while expectations now appear to be set appropriately, it said.

In its view, a favourable comparison basis 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 over the next 12-24 months.


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