Adecco: Barclays reiterates 'overweight' rating
(CercleFinance.com) - Barclays has reiterated its "overweight" rating on Adecco on Monday, saying "it is too early to call time on staffing companies.
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In a note to clients, the broker said the market is still at the early stages of a cyclical recovery, which so far has pleasantly surprised.
Barclays added that the share's valuation is not stretched and noted that balance sheet strength points to a sustainable dividend yield of 4.7%, with potential for additional cash returns.
On Monday Credit Suisse upgraded the Adecco share directly to "outperform" from "underperform", citing recovering markets and improving economic expectations
Copyright (c) 2020 CercleFinance.com. All rights reserved.
"
In a note to clients, the broker said the market is still at the early stages of a cyclical recovery, which so far has pleasantly surprised.
Barclays added that the share's valuation is not stretched and noted that balance sheet strength points to a sustainable dividend yield of 4.7%, with potential for additional cash returns.
On Monday Credit Suisse upgraded the Adecco share directly to "outperform" from "underperform", citing recovering markets and improving economic expectations
Copyright (c) 2020 CercleFinance.com. All rights reserved.