Nomura Securities Maintains a 'Neutral' on Omnicom Group (OMC); Q1 Preview

Nomura Securities maintains a 'Neutral' on Omnicom Group (NYSE: OMC) price target of $52.00.

Analyst, Michael Nathanson, said, "Omnicom will kick off earnings for the agencies on Tuesday, April 17, before the market opens. We anticipate Omnicom will have a solid quarter with reported 1Q revenue growth of 5.4%, EBIT growth of 10%, and EPS of $0.70 (vs. $0.72 previously) but still $0.02 above consensus...We project organic revenue growth of 5.5% for the quarter, 30bps of sequential acceleration from the 5.2% in 4Q11...While we don’t dislike OMC, we think its model is not optimal at this point of the business cycle. Our call is relative to our more cyclical media coverage."

Nomura lowers FY2 EPS estimate from $3.72 to $3.65.

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 $48.73 yesterday.

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