The Fly

WPP upgraded to Overweight from Equal Weight at Barclays

Barclays analyst Julien Roch upgraded WPP to Overweight from Equal Weight with a 1,200 GBp price target. The analyst sees a potentially "calmer" 2023 for the European media stocks and some value in more cyclical names. The upgrade of WPP reflects the firm’s positive view on the advertising agencies.

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