WPP: Oddo stays 'neutral' after sale of 60% of Kantar
(CercleFinance.com) - As WPP on Friday announced the sale of 60% of Kantar, which represented approximately 15% of its revenue, analysts Oddo BHF this Monday announce a 'neutral' recommendation on the group's share.
The broker says that the group should have a much healthier balance sheet, allowing it to be much more reactive in terms of M&A. The management's focus will be to concentrate on targeted transactions in creative and technology.
Oddo BHF confirms its price target of 9.6 pounds sterling, in line with the current price.
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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.
The broker says that the group should have a much healthier balance sheet, allowing it to be much more reactive in terms of M&A. The management's focus will be to concentrate on targeted transactions in creative and technology.
Oddo BHF confirms its price target of 9.6 pounds sterling, in line with the current price.
Copyright (c) 2019 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.