Publicis: AlphaValue still says 'add'

(CercleFinance.com) - AlphaValue maintains its "add" recommendation on Publicis shares, with a target price of 64.
8 euros, judging that the French advertising group is "On a positive trend".

In its comments this morning, the Parisian broker said that it raised its 2021 earnings estimates following the communication group's solid Q2 results.

In addition, its increased guidance for 2021 means that Publicis now expects to return to its pre-Covid levels of business in 2021, rather than in 2022.

"The share price has largely outperformed the media sector ytd (+35% vs +25% - situation on 20 August 2021)", the independent broker said in its note.


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