French staffing data shows improvement, UBS maintains Manpower stock rating

Published 10/09/2025, 15:32
French staffing data shows improvement, UBS maintains Manpower stock rating

Investing.com - UBS maintained its Neutral rating and $46.00 price target on Manpower Inc. (NYSE:MAN) following the release of French temporary staffing data. The stock, currently trading near its 52-week low at $37.94, has declined 36% over the past six months. According to InvestingPro analysis, the stock appears undervalued at current levels.

French temp staffing industry organization Prism™emploi released estimated employment data for July and August 2025, showing relative improvement compared to previous months.

July data indicated a 4.2% year-over-year decline in the number of temporary workers, an improvement from the 6.5% decline recorded in June. August figures showed a slight moderation to a 4.9% year-over-year decline.

Both July and August data represent improvements compared to the June exit rate and second-quarter average decline of 6.8%, according to UBS.

France represents approximately 25% of revenue for ManpowerGroup and is the company’s largest single country exposure, making French staffing trends particularly significant for the firm’s performance.

In other recent news, ManpowerGroup reported an unexpected decline in earnings for the second quarter of 2025. The company posted an earnings per share (EPS) of -$1.44, significantly missing the forecasted $0.68. However, ManpowerGroup’s revenue exceeded expectations, coming in at $4.52 billion. In other developments, Valerie Beaulieu-James has been appointed as the Chief Growth Officer, a new global role aimed at enhancing the company’s commercial strategy. This position will involve overseeing Sales, Insights, and Marketing operations across ManpowerGroup’s various brands. Additionally, BMO Capital raised its price target for ManpowerGroup to $51 from $48, while maintaining a Market Perform rating. The firm acknowledged that geopolitical concerns affected the company earlier in the year, though some of these issues have since diminished. These recent developments highlight significant changes and challenges for ManpowerGroup.

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