Rosenblatt analyst Barton Crockett initiated coverage of Stagwell with a Buy rating and $10 price target, which represents over 45% upside from the recent close. The company is a "disruptor" with a digital-first focus, which merits a premium valuation, yet the shares trade at a discount, the analyst tells investors in a research note. The firm sees "reason for that to correct."
Published first on TheFly
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