UBS upgrades Adecco stock rating to neutral on valuation

try{ var _=i o; . if(!_||_&&typeof _==="object"&&_.expiry Oil holds steady after 5-day winning streak; set for weekly surge on Iran conflict Trump replaces Homeland Security chief Kristi Noem Wall Street ends lower on escalating Iran conflict, report of AI export curbs Trump says he must be involved in selecting Iran’s next leader (South Africa Philippines Nigeria) UBS upgrades Adecco stock rating to neutral on valuation By Analyst Ratings Published 03/06/2026, 01:40 AM UBS upgrades Adecco stock rating to neutral on valuation 0 ADEN 2.03% AHEXY 0.98% Investing.com - UBS upgraded Adecco Group AG (ADEN:SW) (OTC:AHEXY) to Neutral from Sell and lowered its price target to CHF21.00 from CHF22.00. The stock currently trades at $13.41 with a market cap of $4.5 billion, and InvestingPro analysis suggests the company appears undervalued relative to its Fair Value—placing it among stocks on the platform’s Most Undervalued list . The firm noted that Adecco has undergone heavy restructuring and reinvestment for three years as industry volumes fell 15% to 25%. A long period of earnings downgrades has seen adjusted EBITA margins fall towards the bottom of its 3.0% to 6.0% target range. Despite these headwinds, the company remained profitable over the last twelve months with EPS of $2.06 and maintains a 2.4% dividend yield. UBS said a broad-based hiring recovery looks unlikely given ongoing macro uncertainty and the disruptive potential of AI, but current market trends appear somewhat more supportive. The firm believes earnings momentum may finally stabilize, even if only for the near-term. UBS updated its model with little change in forecasts. The firm remains skeptical of a significant profit recovery, with its estimates 5% to 11% below consensus over fiscal years 2026 to 2028. The new price target of CHF21 reflects today’s valuation of 1.4x EV/GP already pricing in earnings stagnation, according to UBS. This article was generated with the support of AI and reviewed by an editor...