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UPDATE: Deutsche Bank Raises PT on Interpublic Group of Companies on Best Earnings Power

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10 Notable Stocks Trading Ex-Dividend Tuesday, November 29
Earnings Scheduled For October 21, 2016

In a report published Friday, Deutsche Bank analyst Greg Poole reiterated a Buy rating on Interpublic Group of Companies (NYSE: IPG), and slightly raised the price target from $14.50 to $15.00.

In the report, Poole noted, “IPG has the best earnings power in the agency group at 19% p.a. through 2014 thanks to revenue and margin recovery, an accretive refi, and equity shrink (2013 s/o - 13%). McCann's promising start in 2013 also means that near-term sentiment should improve and that full year guidance is de-risked. At 7x EBITDA, 14.7x EPS and 8% FCF yield IPG is a compelling buy. Momentum has picked up for the McCann Worldgroup, IPG's largest agency network and the epicenter of recent competitive challenges and shareholder concern, particularly in the US.”

Interpublic Group of Companies closed on Thursday at $13.64.

Latest Ratings for IPG

DateFirmActionFromTo
Oct 2016RBC CapitalInitiates Coverage on
Feb 2016Pivotal ResearchUpgradesHoldBuy
Dec 2015Morgan StanleyUpgradesEqual-WeightOverweight

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