Publicis: UBS expects organic growth to improve
(CercleFinance.com) - UBS reinstates its "buy" rating on Publicis shares, maintaining its target price at 51 euros, with the broker saying that it expects the French communications group's organic growth to improve in the first quarter of 2021.
"We expect a sequential improvement in Q121 organic to -2.5% before a +10% recovery in Q221," UBS said, although "FX headwinds are however expected to impact reported revenues".
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
"We expect a sequential improvement in Q121 organic to -2.5% before a +10% recovery in Q221," UBS said, although "FX headwinds are however expected to impact reported revenues".
Copyright (c) 2021 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.