Publicis: shares up following broker comments
(CercleFinance.com) - Shares of Publicis, the world's third-biggest advertising group, rose on Thursday following positive broker comments on the stock.
German broker Berenberg maintained its "buy" rating on the shares, with a target price of 73 euros, saying the Paris-based company is "getting its mojo back."
"After two days on the road with Publicis's head of investor relations, we are now more confident in the company's ability to deliver accelerated growth towards the 4% target for 2020," Berenberg said.
Publicis shares are currently up 1.4% at 52 euros in afternoon trading on Thursday, while the French stockmarket is down almost 1.9%.
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German broker Berenberg maintained its "buy" rating on the shares, with a target price of 73 euros, saying the Paris-based company is "getting its mojo back."
"After two days on the road with Publicis's head of investor relations, we are now more confident in the company's ability to deliver accelerated growth towards the 4% target for 2020," Berenberg said.
Publicis shares are currently up 1.4% at 52 euros in afternoon trading on Thursday, while the French stockmarket is down almost 1.9%.
Copyright (c) 2018 CercleFinance.com. All rights reserved.