UPDATE: Wedbush Raises Interpublic Group's PT

According to a research report published this morning, Wedbush has increased Interpublic Group's

PT from $13.50 to $14. In the report, Wedbush commented, "1Q organic growth of 2.8% easily beat our -1.7% estimate (Street: +0.9%), driving an operating income beat as well. Positive growth in the U.S. was particularly impressive, given headwinds from losses of accounts at S.C. Johnson and Microsoft in 2011, among others, while negative growth in Europe was no surprise, although a bit greater than forecast." Interpublic Group is currently trading at $11.79.