Wells Fargo lowered the firm’s price target on Stagwell (STGW) to $8 from $9 and keeps an Overweight rating on the shares. The firm thinks the company’s Q1 results were better than the initial reaction, with solid underlying trends ex a media account. Execution is key, but Wells does believe in an acceleration from here for a rerating.
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Read More on STGW:
- Stagwell’s Mixed Prospects: Hold Rating Amid Modest Growth and Revenue Concerns
- Stagwell downgraded to Hold from Buy at Benchmark
- Stagwell’s Promising Outlook: Record Business Wins and Strong Demand Drive Buy Rating
- Stagwell Inc. Reports Mixed Q1 2025 Results
- Stagwell reports Q1 adjusted EPS 12c, consensus 15c