Omnicom: UBS initiates coverage as a buyer

(CercleFinance.com) - UBS initiates coverage of Omnicom shares with a 'buy' rating and target price of $117, representing around 33% upside potential from yesterday's close.


"We are optimistic on Omnicom's organic growth given a re-accelerating media business, exposure to IT Services and helpful client mix", the broker says about the communications group.


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