Randstad: still sector favourite for Jefferies

(CercleFinance.com) - In a note devoted to European human resources services stocks, Jefferies confirms its 'buy' recommendation and E50 price target for Randstad shares, which remains its preferred name within the sector.


The broker reduces its estimates across the sector as it reviews the most recent trends and continues to expect consensus downgrades. For Randstad, it is reducing its EPS expectations by 10% for 2025 and 8% for 2026.

Jefferies nevertheless continues to prefer Randstad and Hays on account of their better mix and risk/return ratios, while Adecco remains its least favourite, in particular in view of a less attractive mix and an unresolved leverage issue.


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