Nomura Securities Upgrades Interpublic Group (IPG) to Buy
Tweet Send to a FriendGet Alerts IPG Hot Sheet
Price: $14.79 +1.02%
Rating Summary:
10 Buy, 3 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 0 | Down: 1 | New: 1
Rating Summary:
10 Buy, 3 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 0 | Down: 1 | New: 1
Trade IPG Now!
Nomura Securities upgraded Interpublic Group (NYSE: IPG) from Neutral to Buy with a price target of $13.00.
"IPG’s relative multiple to both the S&P 500 and peer Omnicom has collapsed to trough levels not seen since the early 2009 recession. If IPG returned to its median level of premium to the market, this would represent a share price of nearly $15, or 45% upside," said analyst Robert Fishman.
“While we are taking 2012E EPS down $0.03 to $0.80 (in-line with consensus) and CY13E EPS down from $0.99 to $0.94 ($0.04 below consensus), we think further negative EPS downside is protected,” he added.
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 $10.36 yesterday, with a 52 week range of $6.73-$12.17.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
"IPG’s relative multiple to both the S&P 500 and peer Omnicom has collapsed to trough levels not seen since the early 2009 recession. If IPG returned to its median level of premium to the market, this would represent a share price of nearly $15, or 45% upside," said analyst Robert Fishman.
“While we are taking 2012E EPS down $0.03 to $0.80 (in-line with consensus) and CY13E EPS down from $0.99 to $0.94 ($0.04 below consensus), we think further negative EPS downside is protected,” he added.
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 $10.36 yesterday, with a 52 week range of $6.73-$12.17.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- Morgan Stanley Maintains Bullish Stance on Walter Energy (WLT)
- Wells Fargo Cuts Comerica (CMA) and First Horizon National (FHN) to Underperform
- AcelRx (ACRX) Target Lifted at Jefferies
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS View, UpgradesRelated Entities
Standard & Poor's, Nomura
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
