
Adecco Group AG: Hold Rating Reflects Stability Amid Early-Stage Growth Initiatives and Cautious Outlook

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Morgan Stanley analyst Remi Grenu maintains a Hold rating on Adecco Group AG with a CHF25.00 price target. The rating reflects stability amid early-stage growth initiatives and a cautious outlook. Adecco's unchanged midterm financial guidance and focus on digital platforms and AI suggest potential growth, but immediate impact is uncertain. The strategy to reduce leverage by 2027 is positive but lacks immediate catalysts for stock price appreciation.
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