Adecco: UBS raises its recommendation

( – UBS raises its recommendation on Adecco directly from ‘sell’ to ‘buy’ with a price target raised from 48 to 55 Swiss francs, a new target implying a potential increase of 11% for the title of the Swiss group of human resources services.

In the summary of its research note, the broker highlights a valuation deemed “close to the lowest levels”, and specifies that its data “suggest that the trends in terms of turnover are accelerating for the year 2022′.

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