Omnicom price target lowered to $105 from $110 at Barclays

Barclays analyst Julien Roch lowered the firm’s price target on Omnicom (OMC) to $105 from $110 and keeps an Overweight rating on the shares. The company’s Q1 results were in line and fiscal year outlook reflects uncertainties, not any client cut, the analyst tells investors in a research note. The firm sees this as sensible.