Wells Fargo Starts WPP plc (WPPGY) at Outperform; Improving Secular Positioning, and Growth Opportunities from Emerging Markets

Wells Fargo initiates coverage on WPP plc (NASDAQ: WPPGY) with a Outperform. Valution range of 920-940p.

Wells analyst says, "We expect WPP to post organic growth toward the high-end of the group average. We expect overexposure to the Eurozone and underexposure to the United States to offer a reversal opportunity as U.S. comps steepen dramatically. We see additional upside in lagging Consumer Insight segment, where we like secular backdrop and expect resumption of discetionary research spending. We estimate 62p and 69p EPS in 2011 and 2012, repectively, against consensus estimates of 63p and 71p."

For more ratings news on WPP plc click here and for the rating history of WPP plc click here.

Shares of WPP plc closed at $58.66 yesterday.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Wells Fargo Starts Progyny (PGNY) at Overweight
• William Blair Starts Surrozen Inc. (SRZN) at Outperform
• Barclays Starts Bitdeer Technologies Group (BTDR) at Overweight