UPDATE: Citigroup Maintains Buy Rating, Raises PT on Omnicom Group

In a company update, Citigroup Inc. maintained its Buy rating and raised its price target from $55 to $56 for Omnicom Group Inc.

. Citigroup went on to say in the report "In the short term, we think the stock offers an attractive risk/reward profile in the current tumultuous environment. Longer term, we expect growth to benefit from the growth of digital marketing as well as emerging market demand for advertising. Earnings should also benefit from potential for modest structural improvements in margin. And, the company's strong cash flow generation should allow for meaningful returns of capital to shareholders.” Omnicom Group Inc. closed yesterday at $48.64.