BofA analyst Adrien de Saint Hilaire upgraded Interpublic Group to Buy from Neutral with a price target of $40, up from $38. after meeting with management. The analyst came away confident that Interpublic Group’s issues are "largely transient" and its large exposure to the healthcare sector provides a buffer versus weakness in technology. The company’s valuation has become attractive and its earnings risk "is contained," the analyst tells investors in a research note.
Published first on TheFly
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