Argus upgraded Omnicom Group (NYSE: OMC) from Hold to Buy with a price target of $82.00.

The firm said the are looking at the nonfundamental pullback to near $70 as an opportunity to get OMC back on the BUY list.

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 $73.70 yesterday.