Gerard Klauer Ups Manpower to 'Outperform'
Gerard Klauer upgraded Manpower (MAN ) to outperform from neutral.
Analyst Jeffrey Silber says second quarter results were significantly better than expectations, with business improving sequentially. Although the recovery still is sluggish, Silber says he believes lower staffing skill companies such as Manpower will lead the way.
He recommends investors focus on Manpower, Kelly Services (KELYA ) and Labor Ready (LRW ). Silber also says he is upwardly revising his analytical model for the group.