- Omnicom Group (NYSE:OMC) was down earlier after a downgrade from BMO Capital Markets, but has since recovered to the positive, +0.7%.
- BMO downgraded shares to Market Perform from Outperform after Omnicom's earnings beat from yesterday, lowering their expectations for OMC's fiscal Q1.
- The analysts lowered their price target for OMC to $77, from $82.
- Telsey Advisory Group maintained a Market Perform rating but lowered its own price target to $74.50, from $78.50.
- OMC shares are trading at $75.66.
- Previously: Omnicom declares $0.50 dividend (Feb. 11 2015)
- Previously: Domestic consumer advertising boosts Omnicom to solid beat (Feb. 10 2015)