Barclays Raises Numbers After Omnicom Group (OMC) Kicks Off Media Earnings Season

Barclays maintains an 'Equalweight' on Omnicom Group (NYSE: OMC) price target raised from $50 to $54.

Analyst, Anthony DiClemente, said, "OMC kicked off 1Q12 Media earnings season by reporting strong organic revenue growth, driven largely by upside from international. While growth in the European and UK regions decelerated, it was more than offset by robust growth from emerging markets. We are modestly raising our EPS for the year and given steadiness in the core business, tweaking up our price target."

FY12 EPS estimate raised from $3.65 to $3.68 and FY13 from $4.23 to $4.24.

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.

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