ManpowerGroup: I Stay Sell Rated As There Are No Signs Of Recovery Yet

Conclusion My view for MAN is a sell rating as 2Q24 results showed no strong signs of recovery. While some positive signs exist, like stabilization in key markets, financials remain weak and current macro situation is not favorable for MAN. MAN's valuation also seems to be pricing in a near-term recovery that seems unlikely, which leaves little room for more upside, but a sizable room for downside if the macro situation gets worse. MoMo Productions/DigitalVision via Getty Images Investment summary My previo ...