(CercleFinance.com) – Liberum confirms its Hold advice on the stock and leaves its price target unchanged at 45.20 Swiss francs before the publication of the results for the first quarter of the 2024 financial year.
‘We continue to expect weak financial performance in the coming quarters with organic volume declines in the 1st quarter of 2024,’ indicates the analysis office.
‘Ahead of Q1 2024 results, we have made minor changes to our estimates to reflect current exchange rates, resulting in reductions of 2.2% and 0.6% to our estimates for 2024 and 2025 , respectively ‘ adds Liberum.
Adecco reported that year-to-date, the group’s volumes are slightly below fourth-quarter 2023 levels.
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