Barclays Maintains an 'Equalweight' on Omnicom Group (OMC); Feeling Even More Constructive After Meeting W/Mgmt

Barclays maintains an 'Equalweight' on Omnicom Group (NYSE: OMC) price target of $54.00.

Analyst, Anthony DiClemente, said, "We hosted an investor dinner with Omnicom CFO Randy Weisenburger and VP of IR Shub Mukherjee last night and came away feeling more constructive on the OMC story, particularly with respect to return of capital. Management' tone reflected the stability of OMC's revenue, and the company remains well on track to achieve its target of 13.4% EBITA margins this year."

DiClemente like the ad agencies, citing shift to digital and growth in emerging markets.

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 $50.36 yesterday.

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