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Interpublic Group upgraded to Buy from Neutral at BofA
The Fly

Interpublic Group upgraded to Buy from Neutral at BofA

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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