WPP: UBS says sell before trading update

(CercleFinance.com) - UBS reiterates its 'sell' recommendation on WPP shares, maintaining its TP at 680 pence, representing 10% downside potential for the stock, forecasting organic growth of -0.
5% in Q3 (-0.1% consensus) for the communications giant.

Analysts are raising the expected organic growth for 2025 following recent account wins, but are reducing EPS to reflect exchange rates and a higher tax rate, the broker summarises.


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