(CercleFinance.com) – UBS expects a further drop in hiring requests.
‘We now see risks that a weaker hiring environment extends well into next year. Although relative growth and productivity continue to improve, this leaves valuations exposed, UBS warns.
The analyst downgrades his recommendation on Adecco from ‘buy’ to ‘sell’, with a price target reduced from 40 to 32.5 Swiss francs, a new target which implies a potential decline of 11% for the Swiss group’s stock. human resources services.
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