Market Overview

UPDATE: Deutsche Bank Cuts PT to $51 on Omnicom Group Post FX Headwinds

Share:
Related OMC
Benzinga's Top Downgrades
BMO Capital Downgrades Omnicom To Market Perform

Deutsche Bank reiterates its Buy rating on Omnicom Group (NYSE: OMC) and lowers its price target from $53 to $51

Deutsche Bank comments, "US-based ad agencies offer attractive exposure in current environment. We believe that investors should buy shares of the US-based ad agencies despite the incremental headwinds from recent USD strength. While headline EPS for Omnicom and IPG come down due to FX, both companies are relatively insulated from possible weakness in Europe because of US ad market growth."

OMC closed at $48.06 on Friday.

Latest Ratings for OMC

DateFirmActionFromTo
Feb 2015BMO CapitalDowngradesOutperformMarket Perform
Jan 2015FBR CapitalDowngradesOutperformMarket Perform
Jan 2015Evercore PartnersDowngradesBuyHold

View More Analyst Ratings for OMC
View the Latest Analyst Ratings

Posted-In: Deutsche BankAnalyst Color Price Target Reiteration Intraday Update Analyst Ratings

 

Related Articles (OMC)

Around the Web, We're Loving...

Get Benzinga's Newsletters

Our Experts vs. S&P 500Powered by Benzinga
Marketfy Products Return S&P 500
Morning Profit Maker 42.72% 6.69%
The Option Prophet 91.14% 6.69%
SecretCaps 26.55% 6.69%
Short-Term Trend Trading 11.89% 6.69%
View the highest rated products→