Needham Maintains Buy Rating for Stagwell: Here's What You Need To Know

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.

About Stagwell

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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This article was generated by Benzinga's automated content engine and reviewed by an editor.


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