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Randstad: Credit Suisse raises target price

( - Credit Suisse has reaffirmed its Outperform rating on Randstad shares, having increased its corresponding target price to 65 euros (from 61 euros), after the Dutch human resources group raised its EPS estimates by 13% for 2021 and by 4-5% for 2022-23.

"We think the combination of accelerating end markets, positive operational leverage and high dividend yield (6.9% in 2021E), as excess cash is returned to shareholders, remains an attractive combination," the broker says.

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