WPP: Berenberg maintains its 'sell' rating
(CercleFinance.com) - Berenberg maintains its "sell" rating on WPP, the world's largest advertising agency, with a target price of 1,075 pence.
In a note entitled "not-so-great expectations," the German broker points out, in particular, that WPP's shares have fallen by 3% in response to each of Omnicom and Publicis reporting worse-than-expected results.
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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.
In a note entitled "not-so-great expectations," the German broker points out, in particular, that WPP's shares have fallen by 3% in response to each of Omnicom and Publicis reporting worse-than-expected results.
Copyright (c) 2018 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.