Deutsche Bank Upgrades Omnicom (OMC) to Hold
More News related to OMC
- Ketchum D.C. Announces Digital Strategy and Consumer Health Client Service Senior Hires
- Organic and Guitar Center Put Consumer Wishes at Center Stage for 2009 Holiday Season
- Omnicom Agencies Lead The Gunn Report Again in 2009
- BBDO Worldwide Tops The Gunn Report... Again.
- DDB Worldwide's London Agency Named Top Agency by The Gunn Report 2009
More News related to Upgrades
- Schnizer Steel (SCHN) Beginning to Rally Following DA Davidson Upgrade
- Novellus (NVLS) Shares Spike Higher as DA Davidson Upgrades to Buy
- Gaylord Entertainment (GET) Upgraded at Gabelli; Stock Turns Positive
- BB&T Capital Upgrades The Andersons (ANDE) to Buy
- Caris & Co Upgrades Carmike Cinemas (CKEC) to Above Average
Deutsche Bank upgrades Omnicom (NYSE: OMC) from Sell to Hold. Price target increased from $21 to $31.
Deutsche analyst says, "While it is possible to over-react to one quarter, OMC's margins are appearing more resilient than we thought. It is clearly still early in the operating downturn, and the risk remains that full year margins could disappoint if 2Q is not the organic growth trough, but we have increased confidence about the thing management can control - costs. On our raised '09 EPS of $2.57 (from a Street-low $2.37), we think OMC's multiple discount to the market is reasonable, thus we upgrade from a Sell to a Hold and raise our price target from $21 to $31."
Omnicom Group Inc. (Omnicom) is primarily a holding company. Omnicom, through its subsidiaries, provides professional services, such as advertising, marketing and corporate communications. It provides professional services to clients through multiple agencies operating in all major markets around the world.
Related Categories
UpgradesStocks Mentioned
-0.04Related Entities
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!
