WPP: shares up after Barclays upgrade
(CercleFinance.com) - WPP shares are up 2% at 974.
2 pence in morning trading on Monday after Barclays upgraded the British communications giant to "overweight," from an "equal weight" rating, increasing its corresponding target price to 1,100 pence.
In a note to clients, the broker said that there are four reasons behind its upgrade: (1) organic performance not getting worse, (2) the propspect of a Kantar disposal, (3) some confidence in management's strategy to turn around the business and (4) valuation grounds.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
2 pence in morning trading on Monday after Barclays upgraded the British communications giant to "overweight," from an "equal weight" rating, increasing its corresponding target price to 1,100 pence.
In a note to clients, the broker said that there are four reasons behind its upgrade: (1) organic performance not getting worse, (2) the propspect of a Kantar disposal, (3) some confidence in management's strategy to turn around the business and (4) valuation grounds.
Copyright (c) 2019 CercleFinance.com. All rights reserved.