PageGroup: UBS upgrades stock

(CercleFinance.com) - UBS has upgraded PageGroup shares from 'neutral' to 'buy', with a target price raised from 460 pence to 520 pence, which now offers 17% upside potential for the British recruitment services group's shares.


"Lead indicators suggest markets are close to the trough, while valuation looks to underestimate the potential timing and scale of the profit recovery", the broker summarises.


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