Jefferies Starts Interpublic Group (IPG) at Underperform, Sees Risks

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Jefferies initiates coverage on Interpublic Group (NYSE: IPG) with a Underperform rating and $9 price target.

The firm said the current stock price implies a flawless execution of the 2014 turnaround plan which will be difficult due to the macro backdrop in the US and Europe, where the company generates over three-quarters of sales.

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 $10.45 yesterday, with a 52 week range of $6.73-$13.35.

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