Morgan Stanley Downgrades Interpublic Group (IPG) to Equalweight, Raises PT To $86.00

Morgan Stanley downgraded Interpublic Group (NYSE: IPG) from Overweight to Equalweight with a price target of $86.00 (from $81.00).

Analyst Ben Swinburne said "We no longer have a more bullish outlook than consensus for IPG, and expect organic growth to moderate in '17. Both IPG/OMC face a stronger dollar (40% int'l revs) and DOJ investigation overhangs. Finally, agencies' more defensive secular position versus traditional media appears priced in."

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 $23.63 yesterday.

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