Needham has decided to maintain its Buy rating of Stagwell STGW and lower its price target from $9.00 to $8.00.
Shares of Stagwell are trading up 2.4% over the last 24 hours, at $7.04 per share.
A move to $8.00 would account for a 13.56% increase from the current share price.
Stagwell Inc is the challenger holding company built to transform marketing. It delivers scaled creative performance for the world's most ambitious brands, connecting culture-moving creativity with leading-edge technology to harmonize the art and science of marketing. The company's segments include Integrated Agencies Network; Brand Performance Network; Communications Network and other. It generates maximum revenue from the Integrated Agencies Network segment. Geographically, it derives a majority of its revenue from the United States.
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