Deutsche Bank Downgrades Interpublic Group (IPG) to Hold; Revenue Environment No Longer Helpful

Deutsche Bank downgraded Interpublic Group (NYSE: IPG) to Hold with a price target of $9.50.

Deutsche analyst says, "After a 19% run from recent lows, we downgrade IPG to Hold ahead of 3Q results on Oct. 28, as we think the margin turnaround is delayed once again by expected softness in the global ad market and headwinds from recent client losses. While we continue to believe that IPG is an interesting margin recovery story for patient investors, we prefer to invest closer to the payoff, and believe the shares will remain range-bound until the global ad outlook improves."

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 $8.01 yesterday.

---

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

---

You May Also Be Interested In

• Deutsche Bank Downgrades Qifu Technology (3660:HK) (QFIN) to Hold
• Rocket Lab replaces ATM equity program, eyes Iridium acquisition funding
• Cantor Fitzgerald Downgrades Better Home & Finance Holding (BETR) to Neutral