Bernstein cuts Randstad stock price target on growth revision By Investing.com
On Thursday, Bernstein analysts adjusted their outlook on shares of Randstad NV (AS::NA) (OTC: RANJF), a prominent player in the global staffing industry, by reducing the price target from €42.00 to €37.00 while maintaining a Market Perform rating on the stock.
The revision comes in response to the ongoing decline in the temporary hiring market, particularly in the United States and key European countries such as France and the United Kingdom (TADAWUL:).
Bernstein’s analysis indicates a downward revision in Randstad’s organic growth projections for the years 2024 and 2025, with estimates reduced by approximately 0.5 percentage points and 3 percentage points, respectively. These adjustments are expected to decrease the company’s…
