Omnicom: Barclays upgrades recommendation
(CercleFinance.com) - Barclays upgrades its recommendation on Omnicom to 'overweight' with a target price of 65 dollars, saying “we see a path to return to the US$80-85 level at which it traded over most of 2016-19”.
The broker additionally specifies that “agencies have been very weak performers (59% underperformance for OMC since start of 2017 against S&P500) and the vast majority of investors see them as structurally challenged”.
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