Interpublic Group sees 12% operating margin and room for growth

• Speaking at the Morgan Stanley TMT conference, Interpublic Group (NYSE:IPG) chief Michael Roth forecast a 12% operating margin for the full year.
• Shares rose 4.1% today, hanging just a few percent below their 52-week high from June.
• Roth noted there was still "opportunity in terms of margin expansion," and that the company is comfortable expanding margins in a 3% organic growth environment.
• The company expects to see some revenues deferred from its first half results showing up in the fourth quarter.