Adecco: UBS double downgrades stock

(CercleFinance.com) - UBS has downgraded its rating on the Adecco share directly from "buy" to "sell," while maintaining its target price at 55 Swiss francs, which suggests downside potential of 8% for the share of the Swiss human resources services group.


As part of a more general report on European stocks in its sector, the broker points out that " the pace of recovery may moderate" and that the share's recent rise, which exceeded its target price, " Rally leaves risk/reward to the downside".


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