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BofA Merrill Lynch cuts its price target for Manpower (MAN -3.6%) to $45 from $54,...

BofA Merrill Lynch cuts its price target for Manpower (MAN -3.6%) to $45 from $54, primarily on a slowdown in Europe and assuming that macro headwinds "intensify." The firm says it likes the long-term risk/reward profile for the temp employment agency, which reported Q2 earnings Friday, but that investors should expect near-term volatility.
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