WPP: Liberum cuts target price; maintains 'buy'.

(CercleFinance.com) - Analysts at Liberum have cut their target price for WPP following the advertising group's second downgrade of its 2017 top-line growth forecasts.


The brokerage firm has reduced its target price for the stock from 2,000 pence to 1,865 pence, though maintained its "buy" rating, citing the company's "structural resilience."

"We think the agencies as a business remain structurally resilient and that WPP is the best positioned of the agencies we cover, although there may be some questions around the data investment management unit," Liberum wrote in a note sent to clients.

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