Goldman Sachs Bumps Numbers on Omnicom Group (OMC) Higher Following Q1

Goldman Sachs bumped its price target and estimates on Omnicom Group (NYSE: OMC) higher following better-than-expected Q1 results, but kept its Neutral rating. The firm highlighted solid organic growth and margins

Goldman raised 2012/2013/2014 EPS estimates by 0.01%-1.0% to $3.70/$4.15/$4.50 from $3.66/$4.13/$4.48 on increased estimates for organic revenue growth and margin. The price target goes from $51.50 to $52.

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 $48.64 yesterday.

---

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

---

You May Also Be Interested In

• Advance Auto Parts (AAP) PT Lowered to $48 at DA Davidson Following 25% Selloff Post Q2 Results
• Deere (DE) PT Lowered to $728 at UBS as Agricultural Machinery Cycle Gets Closer
• Nomura/Instinet Downgrades Pop Mart International Group Ltd (9992:HK) to Neutral