Market Overview

UPDATE: Morgan Stanley Resumes Coverage On Omnicom Group On Modest Upside

Related OMC
Earnings Scheduled For July 21, 2015
Benzinga's Top Upgrades
Why Omnicom Is A Solid Dividend Growth Stock (Seeking Alpha)

In a report published Wednesday, Morgan Stanley analyst Benjamin Swinburne resumed coverage on Omnicom Group (NYSE: OMC) with an Equal-Weight rating and $75.00 price target.

In the report, Morgan Stanley noted, “We expect OMC to draw down the excess cash balance it built up during the POG merger process, with buybacks ramping following its recent dividend hike. However, we resume at EW as overall valuation appears appropriate for this point in cycle and with margins at prior peaks.”

Omnicom Group closed on Tuesday at $70.06.

Latest Ratings for OMC

Jul 2015Wells FargoUpgradesMarket PerformOutperform
Apr 2015NomuraMaintainsNeutral
Apr 2015Pivotal ResearchDowngradesHoldSell

View More Analyst Ratings for OMC
View the Latest Analyst Ratings

Posted-In: Benjamin Swinburne Morgan StanleyAnalyst Color Initiation Analyst Ratings


Related Articles (OMC)

View Comments and Join the Discussion!

Get Benzinga's Newsletters