Barclays Reiterates an 'Overweight' on Interpublic Group (IPG); Attractive Valuation

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Barclays reiterates an 'Overweight' on Interpublic Group (NYSE: IPG) price target of $13.00.

Analyst, Anthony DiClemente, said, "Of the companies in our coverage, we believe IPG benefits the most from accommodative credit markets. With its conservative capital structure, large cash cushion, and upcoming opportunities to reduce share count and interest expense from debt repurchases and refinancings, we believe IPG's improving credit profile benefits equity holders as well."

(Raises FY13 EPS estimate from $0.94 to $0.97)

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

Shares of Interpublic Group closed at $11.21 yesterday, with a 52 week range of $6.73-$12.17.

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