Jefferies Starts Omnicom Group (OMC) at Hold, Sees Risks But Also Some Downside Protection
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Price: $87.54 +0.54%
Rating Summary:
8 Buy, 19 Hold, 3 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
8 Buy, 19 Hold, 3 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Jefferies initiates coverage on Omnicom Group (NYSE: OMC) with a Hold rating and $41 price target.
The firm notes the company face challenges as it generates over 80% of sales in the US and Europe. However, they see some downside protection given increased cost-base flexibility and a track record of successfully navigating the pullback in 2009 where margins fell significantly less than the rest of the industry.
For an analyst ratings summary and ratings history on Omnicom Group click here. For more ratings news on Omnicom Group click here.
Shares of Omnicom Group closed at $46.17 yesterday.
The firm notes the company face challenges as it generates over 80% of sales in the US and Europe. However, they see some downside protection given increased cost-base flexibility and a track record of successfully navigating the pullback in 2009 where margins fell significantly less than the rest of the industry.
For an analyst ratings summary and ratings history on Omnicom Group click here. For more ratings news on Omnicom Group click here.
Shares of Omnicom Group closed at $46.17 yesterday.
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