November 25, 2015 / 8:35 AM / 2 years ago

BUZZ-UK recruitment firms: RBC cuts to "sector perform"

** Recruitment firms Hays, Michael Page down 2.8 pct, bottom two losers on the Stoxx, after RBC cuts ratings on both cos to "sector perform" from "outperform"

** RBC analysts see little upside on Hays at current prices (keeping PT of 150p); add that they expect growth to remain muted in the UK

** Hays stock has risen 4 pct to Tuesday's close since they hit a 9-mth low on Oct. 8

** RBC analysts also cut PT on Michael Page to 530p from 610p after cutting forecasts on co citing macroeconomic headwinds

** European peers Randstad and Adecco both up more than 1 pct on the day (venkateshasoumithri.mamidipudi.thomsonreuters.com@reuters.net)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below