Publicis: UBS nudges up target price

(CercleFinance.com) - UBS confirms its 'buy' recommendation on Publicis shares, nudging up its target price from E115 to E116, hich now implies 17% upside potential for the French communications group's shares.


Publicis is broadening its scope in retail media with the acquisition of Mars United Commerce, further advancing its strategy of providing a holistic offer to its clients, the broker says, which has raised its EPS estimate by 1%.


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