Credit Suisse Starts Omnicom Group (OMC) at Neutral

September 15, 2016 7:38 AM EDT
Get Alerts OMC Hot Sheet
Price: $84.94 --0%

Rating Summary:
    3 Buy, 15 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 15 | Down: 17 | New: 10
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Credit Suisse initiates coverage on Omnicom Group (NYSE: OMC) with a Neutral rating and a price target of $83.00.

Analyst Omar Sheikh commented, "We think the company can grow revenues by 3.5% pa and EPS by 9% pa in 2015-2020, driven by growth in its core advertising agencies, where recent new business wings highlight OMC's creative and digital capabilities. However, after a substantial re-rating vs. IPG over the past nine months, we see valuation as fair and see more upside in IPG from current levels."

For an analyst ratings summary and ratings history on Omnicom Group click here. For more ratings news on Omnicom Group click here.

Shares of Omnicom Group closed at $83.56 yesterday.

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