WPP placed on ‘positive catalyst watch’ at Citi

Citi placed WPP on “positive catalyst watch” ahead of the Q3 report. The firm thinks WPP exits Q3 “on a much firmer footing than entered it and than the market might have expected.” While macro concerns still loom, with forecasts conservative and the multiple low, the stock’s risk/reward tilts positively, the analyst tells investors in a research note.