Pivotal Research Group downgraded Omnicom OMC from Buy to Hold and maintained a $61.00 price target.
Pivotal Research Group commented, "We are downgrading Omnicom from BUY to HOLD as the stock has risen substantially since our upgrade – the stock was trading at $47.80 in November and has held up in the high 50s since the company's most recent earnings call. Upside to our year end price target from current levels is now only 6%, rendering the stock a HOLD."
Omnicom closed at $57.02 on Wednesday.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in