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   <title>Morgan Stanley Downgrades Adecco Group AG (ADEN:SW) (AHEXY) to Underweight</title>
   <link>http://www.streetinsider.com/Intl+Ratings/Morgan+Stanley+Downgrades+Adecco+Group+AG+%28ADEN%3ASW%29+%28AHEXY%29+to+Underweight/26649547.html</link>
   <description>&lt;p&gt;Morgan Stanley analyst Remi Grenu downgraded Adecco Group AG (ADEN:SW) (OTC: AHEXY) from Equalweight to Underweight with a price target of CHF15.00 (from CHF20.50).&lt;/p&gt;&lt;p&gt;The analyst comments: “There is a risk that Adecco's organic growth recovery is short-lived and that it deteriorates again as the comparison base gets tougher through the rest of the year, especially as the outlook for perm recruitment and Akkodis has become more uncertain following a slightly disappointing 1Q26. • Gross margin deterioration has been ongoing for 2 years, with management of all staffing companies claiming activity, geographic and client mix, as the reasons for the decline.</description>
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   <pubDate>Tue, 16 Jun 2026 04:51:06 -0400</pubDate>
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   <title>Morgan Stanley Downgrades Adecco Group AG (ADEN:SW) (AHEXY) to Underweight</title>
   <link>http://www.streetinsider.com/Intl+Ratings/Morgan+Stanley+Downgrades+Adecco+Group+AG+%28ADEN%3ASW%29+%28AHEXY%29+to+Underweight/26649547.html</link>
   <description>&lt;p&gt;Morgan Stanley analyst Remi Grenu downgraded Adecco Group AG (ADEN:SW) (OTC: AHEXY) from Equalweight to Underweight with a price target of CHF15.00 (from CHF20.50).&lt;/p&gt;&lt;p&gt;The analyst comments: “There is a risk that Adecco's organic growth recovery is short-lived and that it deteriorates again as the comparison base gets tougher through the rest of the year, especially as the outlook for perm recruitment and Akkodis has become more uncertain following a slightly disappointing 1Q26. • Gross margin deterioration has been ongoing for 2 years, with management of all staffing companies claiming activity, geographic and client mix, as the reasons for the decline.</description>
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   <pubDate>Tue, 16 Jun 2026 04:51:06 -0400</pubDate>
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   <title>Morgan Stanley Downgrades Adecco Group AG (ADEN:SW) (AHEXY) to Underweight</title>
   <link>http://www.streetinsider.com/Downgrades/Morgan+Stanley+Downgrades+Adecco+Group+AG+%28ADEN%3ASW%29+%28AHEXY%29+to+Underweight/26649547.html</link>
   <description>&lt;p&gt;Morgan Stanley analyst Remi Grenu downgraded Adecco Group AG (ADEN:SW) (OTC: AHEXY) from Equalweight to Underweight with a price target of CHF15.00 (from CHF20.50).&lt;/p&gt;&lt;p&gt;The analyst comments: “There is a risk that Adecco's organic growth recovery is short-lived and that it deteriorates again as the comparison base gets tougher through the rest of the year, especially as the outlook for perm recruitment and Akkodis has become more uncertain following a slightly disappointing 1Q26. • Gross margin deterioration has been ongoing for 2 years, with management of all staffing companies claiming activity, geographic and client mix, as the reasons for the decline.</description>
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   <pubDate>Tue, 16 Jun 2026 04:51:06 -0400</pubDate>
      	<category domain="http://rss.financialcontent.com/stocksymbol">AHEXY</category>
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   <title>Morgan Stanley Downgrades Adecco Group AG (ADEN:SW) (AHEXY) to Underweight</title>
   <link>http://www.streetinsider.com/Downgrades/Morgan+Stanley+Downgrades+Adecco+Group+AG+%28ADEN%3ASW%29+%28AHEXY%29+to+Underweight/26649547.html</link>
   <description>&lt;p&gt;Morgan Stanley analyst Remi Grenu downgraded Adecco Group AG (ADEN:SW) (OTC: AHEXY) from Equalweight to Underweight with a price target of CHF15.00 (from CHF20.50).&lt;/p&gt;&lt;p&gt;The analyst comments: “There is a risk that Adecco's organic growth recovery is short-lived and that it deteriorates again as the comparison base gets tougher through the rest of the year, especially as the outlook for perm recruitment and Akkodis has become more uncertain following a slightly disappointing 1Q26. • Gross margin deterioration has been ongoing for 2 years, with management of all staffing companies claiming activity, geographic and client mix, as the reasons for the decline.</description>
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   <pubDate>Tue, 16 Jun 2026 04:51:06 -0400</pubDate>
      	<category domain="http://rss.financialcontent.com/stocksymbol">AHEXY</category>
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   <title>Morgan Stanley Downgrades Adecco Group AG (ADEN:SW) (AHEXY) to Underweight</title>
   <link>http://www.streetinsider.com/Analyst+Comments/Morgan+Stanley+Downgrades+Adecco+Group+AG+%28ADEN%3ASW%29+%28AHEXY%29+to+Underweight/26649547.html</link>
   <description>&lt;p&gt;Morgan Stanley analyst Remi Grenu downgraded Adecco Group AG (ADEN:SW) (OTC: AHEXY) from Equalweight to Underweight with a price target of CHF15.00 (from CHF20.50).&lt;/p&gt;&lt;p&gt;The analyst comments: “There is a risk that Adecco's organic growth recovery is short-lived and that it deteriorates again as the comparison base gets tougher through the rest of the year, especially as the outlook for perm recruitment and Akkodis has become more uncertain following a slightly disappointing 1Q26. • Gross margin deterioration has been ongoing for 2 years, with management of all staffing companies claiming activity, geographic and client mix, as the reasons for the decline.</description>
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   <pubDate>Tue, 16 Jun 2026 04:51:06 -0400</pubDate>
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   <title>Morgan Stanley Downgrades Adecco Group AG (ADEN:SW) (AHEXY) to Underweight</title>
   <link>http://www.streetinsider.com/Analyst+Comments/Morgan+Stanley+Downgrades+Adecco+Group+AG+%28ADEN%3ASW%29+%28AHEXY%29+to+Underweight/26649547.html</link>
   <description>&lt;p&gt;Morgan Stanley analyst Remi Grenu downgraded Adecco Group AG (ADEN:SW) (OTC: AHEXY) from Equalweight to Underweight with a price target of CHF15.00 (from CHF20.50).&lt;/p&gt;&lt;p&gt;The analyst comments: “There is a risk that Adecco's organic growth recovery is short-lived and that it deteriorates again as the comparison base gets tougher through the rest of the year, especially as the outlook for perm recruitment and Akkodis has become more uncertain following a slightly disappointing 1Q26. • Gross margin deterioration has been ongoing for 2 years, with management of all staffing companies claiming activity, geographic and client mix, as the reasons for the decline.</description>
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   <pubDate>Tue, 16 Jun 2026 04:51:06 -0400</pubDate>
      	<category domain="http://rss.financialcontent.com/stocksymbol">AHEXY</category>
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   <title>Morgan Stanley Downgrades Adecco Group AG (ADEN:SW) (AHEXY) to Underweight</title>
   <link>http://www.streetinsider.com/Analyst+PT+Change/Morgan+Stanley+Downgrades+Adecco+Group+AG+%28ADEN%3ASW%29+%28AHEXY%29+to+Underweight/26619157.html</link>
   <description>&lt;p&gt;Morgan Stanley analyst Remi Grenu downgraded Adecco Group AG (ADEN:SW) (OTC: AHEXY) from Equalweight to Underweight with a price target of CHF15.00 (from CHF20.50).&lt;/p&gt;&lt;p&gt;The analyst comments: “We think Adecco's recent results were a wake-up call for the market (hence the magnitude of share price reaction on the day, -17%), with the 2Q26 outlook combining (1) a pause to the organic growth improvement, with guidance pointing to 4-5% vs 5% in 1Q26 in our view, (2) continued significant pressure on gross margin, which management expects to be down -20bps sequentially and -40bps yoy, and (3) an increase in operating costs. We</description>
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   <pubDate>Tue, 09 Jun 2026 02:41:42 -0400</pubDate>
      	<category domain="http://rss.financialcontent.com/stocksymbol">AHEXY</category>
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  <item>
   <title>Morgan Stanley Downgrades Adecco Group AG (ADEN:SW) (AHEXY) to Underweight</title>
   <link>http://www.streetinsider.com/Analyst+PT+Change/Morgan+Stanley+Downgrades+Adecco+Group+AG+%28ADEN%3ASW%29+%28AHEXY%29+to+Underweight/26619157.html</link>
   <description>&lt;p&gt;Morgan Stanley analyst Remi Grenu downgraded Adecco Group AG (ADEN:SW) (OTC: AHEXY) from Equalweight to Underweight with a price target of CHF15.00 (from CHF20.50).&lt;/p&gt;&lt;p&gt;The analyst comments: “We think Adecco's recent results were a wake-up call for the market (hence the magnitude of share price reaction on the day, -17%), with the 2Q26 outlook combining (1) a pause to the organic growth improvement, with guidance pointing to 4-5% vs 5% in 1Q26 in our view, (2) continued significant pressure on gross margin, which management expects to be down -20bps sequentially and -40bps yoy, and (3) an increase in operating costs. We</description>
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   <pubDate>Tue, 09 Jun 2026 02:41:42 -0400</pubDate>
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   <title>Morgan Stanley Downgrades Adecco Group AG (ADEN:SW) (AHEXY) to Underweight</title>
   <link>http://www.streetinsider.com/Downgrades/Morgan+Stanley+Downgrades+Adecco+Group+AG+%28ADEN%3ASW%29+%28AHEXY%29+to+Underweight/26619157.html</link>
   <description>&lt;p&gt;Morgan Stanley analyst Remi Grenu downgraded Adecco Group AG (ADEN:SW) (OTC: AHEXY) from Equalweight to Underweight with a price target of CHF15.00 (from CHF20.50).&lt;/p&gt;&lt;p&gt;The analyst comments: “We think Adecco's recent results were a wake-up call for the market (hence the magnitude of share price reaction on the day, -17%), with the 2Q26 outlook combining (1) a pause to the organic growth improvement, with guidance pointing to 4-5% vs 5% in 1Q26 in our view, (2) continued significant pressure on gross margin, which management expects to be down -20bps sequentially and -40bps yoy, and (3) an increase in operating costs. We</description>
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   <pubDate>Tue, 09 Jun 2026 02:41:42 -0400</pubDate>
      	<category domain="http://rss.financialcontent.com/stocksymbol">AHEXY</category>
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   <title>Morgan Stanley Downgrades Adecco Group AG (ADEN:SW) (AHEXY) to Underweight</title>
   <link>http://www.streetinsider.com/Downgrades/Morgan+Stanley+Downgrades+Adecco+Group+AG+%28ADEN%3ASW%29+%28AHEXY%29+to+Underweight/26619157.html</link>
   <description>&lt;p&gt;Morgan Stanley analyst Remi Grenu downgraded Adecco Group AG (ADEN:SW) (OTC: AHEXY) from Equalweight to Underweight with a price target of CHF15.00 (from CHF20.50).&lt;/p&gt;&lt;p&gt;The analyst comments: “We think Adecco's recent results were a wake-up call for the market (hence the magnitude of share price reaction on the day, -17%), with the 2Q26 outlook combining (1) a pause to the organic growth improvement, with guidance pointing to 4-5% vs 5% in 1Q26 in our view, (2) continued significant pressure on gross margin, which management expects to be down -20bps sequentially and -40bps yoy, and (3) an increase in operating costs. We</description>
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   <pubDate>Tue, 09 Jun 2026 02:41:42 -0400</pubDate>
      	<category domain="http://rss.financialcontent.com/stocksymbol">AHEXY</category>
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   <title>Morgan Stanley Downgrades Adecco Group AG (ADEN:SW) (AHEXY) to Underweight</title>
   <link>http://www.streetinsider.com/Intl+Ratings/Morgan+Stanley+Downgrades+Adecco+Group+AG+%28ADEN%3ASW%29+%28AHEXY%29+to+Underweight/26619157.html</link>
   <description>&lt;p&gt;Morgan Stanley analyst Remi Grenu downgraded Adecco Group AG (ADEN:SW) (OTC: AHEXY) from Equalweight to Underweight with a price target of CHF15.00 (from CHF20.50).&lt;/p&gt;&lt;p&gt;The analyst comments: “We think Adecco's recent results were a wake-up call for the market (hence the magnitude of share price reaction on the day, -17%), with the 2Q26 outlook combining (1) a pause to the organic growth improvement, with guidance pointing to 4-5% vs 5% in 1Q26 in our view, (2) continued significant pressure on gross margin, which management expects to be down -20bps sequentially and -40bps yoy, and (3) an increase in operating costs. We</description>
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   <pubDate>Tue, 09 Jun 2026 02:41:42 -0400</pubDate>
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   <title>Morgan Stanley Downgrades Adecco Group AG (ADEN:SW) (AHEXY) to Underweight</title>
   <link>http://www.streetinsider.com/Intl+Ratings/Morgan+Stanley+Downgrades+Adecco+Group+AG+%28ADEN%3ASW%29+%28AHEXY%29+to+Underweight/26619157.html</link>
   <description>&lt;p&gt;Morgan Stanley analyst Remi Grenu downgraded Adecco Group AG (ADEN:SW) (OTC: AHEXY) from Equalweight to Underweight with a price target of CHF15.00 (from CHF20.50).&lt;/p&gt;&lt;p&gt;The analyst comments: “We think Adecco's recent results were a wake-up call for the market (hence the magnitude of share price reaction on the day, -17%), with the 2Q26 outlook combining (1) a pause to the organic growth improvement, with guidance pointing to 4-5% vs 5% in 1Q26 in our view, (2) continued significant pressure on gross margin, which management expects to be down -20bps sequentially and -40bps yoy, and (3) an increase in operating costs. We</description>
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   <pubDate>Tue, 09 Jun 2026 02:41:42 -0400</pubDate>
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   <title>Morgan Stanley Downgrades Adecco Group AG (ADEN:SW) (AHEXY) to Underweight</title>
   <link>http://www.streetinsider.com/Analyst+Comments/Morgan+Stanley+Downgrades+Adecco+Group+AG+%28ADEN%3ASW%29+%28AHEXY%29+to+Underweight/26619157.html</link>
   <description>&lt;p&gt;Morgan Stanley analyst Remi Grenu downgraded Adecco Group AG (ADEN:SW) (OTC: AHEXY) from Equalweight to Underweight with a price target of CHF15.00 (from CHF20.50).&lt;/p&gt;&lt;p&gt;The analyst comments: “We think Adecco's recent results were a wake-up call for the market (hence the magnitude of share price reaction on the day, -17%), with the 2Q26 outlook combining (1) a pause to the organic growth improvement, with guidance pointing to 4-5% vs 5% in 1Q26 in our view, (2) continued significant pressure on gross margin, which management expects to be down -20bps sequentially and -40bps yoy, and (3) an increase in operating costs. We</description>
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   <pubDate>Tue, 09 Jun 2026 02:41:42 -0400</pubDate>
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   <title>Morgan Stanley Downgrades Adecco Group AG (ADEN:SW) (AHEXY) to Underweight</title>
   <link>http://www.streetinsider.com/Analyst+Comments/Morgan+Stanley+Downgrades+Adecco+Group+AG+%28ADEN%3ASW%29+%28AHEXY%29+to+Underweight/26619157.html</link>
   <description>&lt;p&gt;Morgan Stanley analyst Remi Grenu downgraded Adecco Group AG (ADEN:SW) (OTC: AHEXY) from Equalweight to Underweight with a price target of CHF15.00 (from CHF20.50).&lt;/p&gt;&lt;p&gt;The analyst comments: “We think Adecco's recent results were a wake-up call for the market (hence the magnitude of share price reaction on the day, -17%), with the 2Q26 outlook combining (1) a pause to the organic growth improvement, with guidance pointing to 4-5% vs 5% in 1Q26 in our view, (2) continued significant pressure on gross margin, which management expects to be down -20bps sequentially and -40bps yoy, and (3) an increase in operating costs. We</description>
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   <pubDate>Tue, 09 Jun 2026 02:41:42 -0400</pubDate>
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   <title>Adecco Group AG (ADEN:SW) (AHEXY) PT Lowered to CHF27 at Barclays</title>
   <link>http://www.streetinsider.com/Intl+Ratings/Adecco+Group+AG+%28ADEN%3ASW%29+%28AHEXY%29+PT+Lowered+to+CHF27+at+Barclays/26594444.html</link>
   <description>Barclays analyst Afonso Osorio lowered the price target on Adecco Group AG (ADEN:SW) (OTC: AHEXY) to CHF27.00  (from CHF29.00) while maintaining a Overweight rating.</description>
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   <pubDate>Wed, 03 Jun 2026 04:53:23 -0400</pubDate>
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   <title>Adecco Group AG (ADEN:SW) (AHEXY) PT Lowered to CHF27 at Barclays</title>
   <link>http://www.streetinsider.com/Intl+Ratings/Adecco+Group+AG+%28ADEN%3ASW%29+%28AHEXY%29+PT+Lowered+to+CHF27+at+Barclays/26594444.html</link>
   <description>Barclays analyst Afonso Osorio lowered the price target on Adecco Group AG (ADEN:SW) (OTC: AHEXY) to CHF27.00  (from CHF29.00) while maintaining a Overweight rating.</description>
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   <title>Adecco Group AG (ADEN:SW) (AHEXY) PT Lowered to CHF27 at Barclays</title>
   <link>http://www.streetinsider.com/Analyst+PT+Change/Adecco+Group+AG+%28ADEN%3ASW%29+%28AHEXY%29+PT+Lowered+to+CHF27+at+Barclays/26594444.html</link>
   <description>Barclays analyst Afonso Osorio lowered the price target on Adecco Group AG (ADEN:SW) (OTC: AHEXY) to CHF27.00  (from CHF29.00) while maintaining a Overweight rating.</description>
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   <title>Adecco Group AG (ADEN:SW) (AHEXY) PT Lowered to CHF27 at Barclays</title>
   <link>http://www.streetinsider.com/Analyst+PT+Change/Adecco+Group+AG+%28ADEN%3ASW%29+%28AHEXY%29+PT+Lowered+to+CHF27+at+Barclays/26594444.html</link>
   <description>Barclays analyst Afonso Osorio lowered the price target on Adecco Group AG (ADEN:SW) (OTC: AHEXY) to CHF27.00  (from CHF29.00) while maintaining a Overweight rating.</description>
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   <title>Jefferies Reiterates Underperform Rating on Adecco Group AG (ADEN:SW) (AHEXY)</title>
   <link>http://www.streetinsider.com/Intl+Ratings/Jefferies+Reiterates+Underperform+Rating+on+Adecco+Group+AG+%28ADEN%3ASW%29+%28AHEXY%29/26530892.html</link>
   <description>&lt;p&gt;Jefferies analyst Simon Lechipre reiterated an Underperform rating and CHF13.50 price target on Adecco Group AG (ADEN:SW) (OTC: AHEXY).&lt;/p&gt;</description>
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   <pubDate>Thu, 21 May 2026 06:04:11 -0400</pubDate>
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   <title>Jefferies Reiterates Underperform Rating on Adecco Group AG (ADEN:SW) (AHEXY)</title>
   <link>http://www.streetinsider.com/Intl+Ratings/Jefferies+Reiterates+Underperform+Rating+on+Adecco+Group+AG+%28ADEN%3ASW%29+%28AHEXY%29/26530892.html</link>
   <description>&lt;p&gt;Jefferies analyst Simon Lechipre reiterated an Underperform rating and CHF13.50 price target on Adecco Group AG (ADEN:SW) (OTC: AHEXY).&lt;/p&gt;</description>
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   <pubDate>Thu, 21 May 2026 06:04:11 -0400</pubDate>
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   <title>UBS Downgrades Adecco Group AG (ADEN:SW) (AHEXY) to Sell</title>
   <link>http://www.streetinsider.com/Analyst+PT+Change/UBS+Downgrades+Adecco+Group+AG+%28ADEN%3ASW%29+%28AHEXY%29+to+Sell/26516183.html</link>
   <description>(Updated - May 19, 2026 4:36 AM EDT)

&lt;p&gt;UBS analyst Rory McKenzie downgraded Adecco Group AG (ADEN:SW) (OTC: AHEXY) from Neutral to Sell with a price target of CHF13.00 (from CHF21.00).&lt;/p&gt;&lt;p&gt;The analyst comments: “We had previously upgraded Adecco from Sell to Neutral, arguing that a period of earnings growth should be enough to stabilise the shares after a long period of derating. That has not been the case, with shares a further -35% YTD and on new trough multiples. This is not without cause however, and in the major EU Staffing &amp; Recruitment note also published today we discuss concerns about</description>
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   <pubDate>Tue, 19 May 2026 04:36:54 -0400</pubDate>
      	<category domain="http://rss.financialcontent.com/stocksymbol">AHEXY</category>
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   <title>UBS Downgrades Adecco Group AG (ADEN:SW) (AHEXY) to Sell</title>
   <link>http://www.streetinsider.com/Analyst+PT+Change/UBS+Downgrades+Adecco+Group+AG+%28ADEN%3ASW%29+%28AHEXY%29+to+Sell/26516183.html</link>
   <description>(Updated - May 19, 2026 4:36 AM EDT)

&lt;p&gt;UBS analyst Rory McKenzie downgraded Adecco Group AG (ADEN:SW) (OTC: AHEXY) from Neutral to Sell with a price target of CHF13.00 (from CHF21.00).&lt;/p&gt;&lt;p&gt;The analyst comments: “We had previously upgraded Adecco from Sell to Neutral, arguing that a period of earnings growth should be enough to stabilise the shares after a long period of derating. That has not been the case, with shares a further -35% YTD and on new trough multiples. This is not without cause however, and in the major EU Staffing &amp; Recruitment note also published today we discuss concerns about</description>
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   <pubDate>Tue, 19 May 2026 04:36:54 -0400</pubDate>
      	<category domain="http://rss.financialcontent.com/stocksymbol">AHEXY</category>
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   <title>UBS Downgrades Adecco Group AG (ADEN:SW) (AHEXY) to Sell</title>
   <link>http://www.streetinsider.com/Downgrades/UBS+Downgrades+Adecco+Group+AG+%28ADEN%3ASW%29+%28AHEXY%29+to+Sell/26516183.html</link>
   <description>(Updated - May 19, 2026 4:36 AM EDT)

&lt;p&gt;UBS analyst Rory McKenzie downgraded Adecco Group AG (ADEN:SW) (OTC: AHEXY) from Neutral to Sell with a price target of CHF13.00 (from CHF21.00).&lt;/p&gt;&lt;p&gt;The analyst comments: “We had previously upgraded Adecco from Sell to Neutral, arguing that a period of earnings growth should be enough to stabilise the shares after a long period of derating. That has not been the case, with shares a further -35% YTD and on new trough multiples. This is not without cause however, and in the major EU Staffing &amp; Recruitment note also published today we discuss concerns about</description>
   <guid isPermaLink="true">http://www.streetinsider.com/Downgrades/UBS+Downgrades+Adecco+Group+AG+%28ADEN%3ASW%29+%28AHEXY%29+to+Sell/26516183.html</guid>
   <pubDate>Tue, 19 May 2026 04:36:54 -0400</pubDate>
      	<category domain="http://rss.financialcontent.com/stocksymbol">AHEXY</category>
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   <title>UBS Downgrades Adecco Group AG (ADEN:SW) (AHEXY) to Sell</title>
   <link>http://www.streetinsider.com/Downgrades/UBS+Downgrades+Adecco+Group+AG+%28ADEN%3ASW%29+%28AHEXY%29+to+Sell/26516183.html</link>
   <description>(Updated - May 19, 2026 4:36 AM EDT)

&lt;p&gt;UBS analyst Rory McKenzie downgraded Adecco Group AG (ADEN:SW) (OTC: AHEXY) from Neutral to Sell with a price target of CHF13.00 (from CHF21.00).&lt;/p&gt;&lt;p&gt;The analyst comments: “We had previously upgraded Adecco from Sell to Neutral, arguing that a period of earnings growth should be enough to stabilise the shares after a long period of derating. That has not been the case, with shares a further -35% YTD and on new trough multiples. This is not without cause however, and in the major EU Staffing &amp; Recruitment note also published today we discuss concerns about</description>
   <guid isPermaLink="true">http://www.streetinsider.com/Downgrades/UBS+Downgrades+Adecco+Group+AG+%28ADEN%3ASW%29+%28AHEXY%29+to+Sell/26516183.html</guid>
   <pubDate>Tue, 19 May 2026 04:36:54 -0400</pubDate>
      	<category domain="http://rss.financialcontent.com/stocksymbol">AHEXY</category>
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   <title>UBS Downgrades Adecco Group AG (ADEN:SW) (AHEXY) to Sell</title>
   <link>http://www.streetinsider.com/Intl+Ratings/UBS+Downgrades+Adecco+Group+AG+%28ADEN%3ASW%29+%28AHEXY%29+to+Sell/26516183.html</link>
   <description>(Updated - May 19, 2026 4:36 AM EDT)

&lt;p&gt;UBS analyst Rory McKenzie downgraded Adecco Group AG (ADEN:SW) (OTC: AHEXY) from Neutral to Sell with a price target of CHF13.00 (from CHF21.00).&lt;/p&gt;&lt;p&gt;The analyst comments: “We had previously upgraded Adecco from Sell to Neutral, arguing that a period of earnings growth should be enough to stabilise the shares after a long period of derating. That has not been the case, with shares a further -35% YTD and on new trough multiples. This is not without cause however, and in the major EU Staffing &amp; Recruitment note also published today we discuss concerns about</description>
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   <pubDate>Tue, 19 May 2026 04:36:54 -0400</pubDate>
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