Omnicom (OMC) Price Target Raised at Jefferies

December 19, 2013 7:57 AM EST Send to a Friend
Get Alerts OMC Hot Sheet
Price: $79.08 --0%

Rating Summary:
    3 Buy, 15 Hold, 1 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 11 | Down: 17 | New: 16
Trade OMC Now!
Join SI Premium – FREE
Jefferies analyst David Reynolds lifted his price target on Omnicom Group (NYSE: OMC) from $55 to $72.10 Thursday but maintained a Hold rating on the shares.

"On the pending merger the firm notes: – Publicis Omnicom a big deal in more ways than one. While regulatory approval may not yet be in the bag, we expect the deal to complete. And all things being equal, we like it.

The synergistic costs savings potentially deliver real operational cost savings (what's not to like?), the Netherlands incorporation looks attractive from a taxation perspective and pushing two into one by definition sounds good."

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 $70.55 yesterday.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Analyst Comments, Analyst PT Change

Related Entities

Jefferies & Co, Definitive Agreement

Add Your Comment