Wedbush Adds Interpublic Group (IPG) to Best Ideas List

Wedbush added Interpublic Group (NYSE: IPG) to its Best Ideas List. The firm maintained an Outperform rating and price target of $12.75.

"We think IPG will hit Street margin targets for 2012, ~10.1% (also our estimate), down from ~10.3% guide at beginning of year," the analyst comments. "We thus call for a reversal of the YTD trend of falling margin estimates, and do not believe that higher severance flowing from recent changes at the McCann Worldgroup subsidiary will result in a margin miss."

For an analyst ratings summary and ratings history on Interpublic Group click here. For more ratings news on Interpublic Group click here.

Shares of Interpublic Group closed at $10.23 yesterday.

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