Interpublic Group’s Stock (IPG) Double Upgraded to Outperform
In a decisive move by Exane BNP Paribas, Interpublic Group’s stock (NYSE: IPG) has flipped from negative to positive as it was double-upgraded to Outperform from Underperform. The adjustment accompanies a bold price target of $38, hinting at a lucrative potential upside of more than 40%. This comes in light of the firm’s scenario analysis, which predicates the significant upside on the fruition of anticipated synergies and an expansion of valuation multiples.
With 2024 having left holders of IPG nursing losses on the stock of more than 13%, a move to the upside, even close to that of the $38 price target would represent a huge turnaround story.
It’s noteworthy that Exane BNP Paribas also expects Omnicom Group Inc. (NYSE: OMC) to…
