Nomura Securities maintains a 'Neutral' on Interpublic Group (IPG); Some Thoughts Post Our Meeting with CFO

Nomura Securities maintains a 'Neutral' on Interpublic Group (NYSE: IPG).

Nomura analyst, Michael Nathanson, said, "The company reiterated that 4-5% growth for FY11 was reasonable and that Q2 is more meaningful for IPG. The company started the year strong and June is their biggest month of the year...For the 2nd quarter, we estimate organic revenue growth of 6.4% which will slow over the second half to bring 2011 organic growth rates to 5.9%. We maintain these assumptions...Management thinks the US marketplace will be competitive – multiple players with good products – therefore good for the agencies and ad spending."

For more ratings news on Interpublic Group click here and for the rating history of Interpublic Group click here.

Shares of Interpublic Group closed at $11.62 yesterday.

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