Barclays initiates a 'Overweight' rating on Adecco, with a price target of 47 Swiss francs, believing that, after analyzing data for the past 20 years, this may be one of the best times to buy the stock.

In an initiating note on several European human resources groups, the broker advises 'to buy when sentiment is at its lowest, knowing that downward earnings revisions may continue for another 10 to 11 months'.

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