- After a number of years of trimming fat, there's not a lot of room for additional margin expansion next year, says analyst John Janedis, downgrading Interpublic Group (IPG -2.7%) to Hold from Buy. The price target is cut to $20 from $24 (shares currently at $19.93).
- Alongside, Janedis and team trim their price target on Omnicom (OMC -1.2%) to $72 from $82 (currently $73.68), expecting below-trend organic growth in North America next year thanks to increased competition, and the shift of ad dollars to in-house and digital platforms.
- Source: Bloomberg's Jeremy Cooke
Interpublic lower by more than 2% after Jefferies downgrade
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About IPG Stock
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Symbol | Last Price | % Chg |
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IPG | - | - |
The Interpublic Group of Companies, Inc. |