Macquarie analyst Tim Nollen lowered the firm’s price target on WPP to 775 GBp from 800 GBp and keeps a Neutral rating on the shares post the Q4 report. The company’s 2024 outlook had few surprises with margin upside offset by below-the-line costs, the analyst tells investors in a research note.
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Read More on WPP:
- WPP price target raised to 800 GBp from 750 GBp at Macquarie
- WPP price target raised to 890 GBp from 850 GBp at JPMorgan
- WPP price target raised to 725 GBp from 700 GBp at UBS
- WPP price target raised to 800 GBp from 790 GBp at Morgan Stanley
- WPP sees FY24 LFL revenue less pass-through costs growth of 0-1%
