Interpublic Group price target raised to $32 from $30 at Macquarie

Macquarie raised the firm’s price target on Interpublic Group to $32 from $30 and keeps a Neutral rating on the shares. The firm says that while the advertising market still faces mixed prospects, it is taking a “glass-half-full view.” It expects Interpublic’s Q4 to come in line with implied guidance of 1% organic net revenue growth.