Adecco: UBS raises target price
(CercleFinance.com) - UBS has confirmed its buy rating on the Adecco stock, having increased its corresponding target price increase from 52 Swiss francs to 57 Swiss francs, which suggests upside potential of 7% for the Swiss human resources services group.
In addition to this estimated potential, despite the share's rally since the beginning of the year, the broker notes that the pace of erosion in leading indicators is continuing to weaken and remains confident in a turnaround in the second half of 2019.
Copyright (c) 2019 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.