Barclays lowered the firm’s price target on Interpublic Group (IPG) to $32 from $32.50 and keeps an Equal Weight rating on the shares. The company’s Q3 missed estimates, says the firm, which struggles to see the shares doing much until IPG’s organic growth improves.
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Read More on IPG:
- Wells downgrades Interpublic Group to Underweight on valuation risks
- Interpublic Group downgraded to Underweight from Equal Weight at Wells Fargo
- Interpublic Group sees full-year organic growth of 1%
- Interpublic Group reports Q3 adjusted EPS 70c, consensus 70c
- IPG Earnings this Week: How Will it Perform?