Nomura Securities Starts Omnicom Group (OMC) at Neutral

Nomura Securities initiates coverage on Omnicom Group (NYSE: OMC) with a Neutral rating and a price target of $77.00.

Analysts Anthony DiClemente, William Mairs, and others commented, "We like its business model, which consistently delivers peer-leading organic growth and cash returns (we forecast USD 1bn for 2014). However, forecasts appear full (FY14E 4.3% organic growth), margin growth is limited and our DCF valuation yields USD 77 (7% upside potential)."

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 $72.31 yesterday.

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