Nomura Securities Maintains a 'Neutral' on Omnicom Group (OMC); Review of 1Q Results
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Price: $87.57 -0.89%
Rating Summary:
8 Buy, 19 Hold, 3 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
8 Buy, 19 Hold, 3 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Nomura Securities maintains a 'Neutral' on Omnicom Group (NYSE: OMC)
Nomura analyst, Michael Nathanson, said, "Review of 1Q results; reported revenue growth of 7.9% and adjusted EBIT growth of 8.3% with adjusted EPS of $0.59 – in line with our estimates. These in-line results were driven primarily by lower below-the-line costs that offset top-line softness. Although within mgmt’s expectations, we were disappointed by OMC’s U.S. organic growth of 4.1% for the quarter. We continue to forecast U.S. organic growth of 7.3% in the second quarter."
"Maintain our rating on OMC as we are not excited about the company’s investment case relative to our Buy rated pure-play media names."
For more ratings news on Omnicom Group click here and for the rating history of Omnicom Group click here.
Shares of Omnicom Group closed at $47.02 yesterday.
Nomura analyst, Michael Nathanson, said, "Review of 1Q results; reported revenue growth of 7.9% and adjusted EBIT growth of 8.3% with adjusted EPS of $0.59 – in line with our estimates. These in-line results were driven primarily by lower below-the-line costs that offset top-line softness. Although within mgmt’s expectations, we were disappointed by OMC’s U.S. organic growth of 4.1% for the quarter. We continue to forecast U.S. organic growth of 7.3% in the second quarter."
"Maintain our rating on OMC as we are not excited about the company’s investment case relative to our Buy rated pure-play media names."
For more ratings news on Omnicom Group click here and for the rating history of Omnicom Group click here.
Shares of Omnicom Group closed at $47.02 yesterday.
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