Market Overview

UPDATE: Jefferies & Company Reiterates Underperform Rating, Lowers PT on Interpublic Group of Companies

Share:
Related IPG
Keep an Eye on These 10 Stocks for February 10, 2017
Earnings Scheduled For February 10, 2017

In a report published Friday, Jefferies & Company reiterated its Underperform rating on Interpublic Group of Companies (NYSE: IPG), but lowered its price target from $10.00 to $8.50.

Jefferies noted, “We lower our forecasts and price target following a disappointing Q3 where full year organic growth guidance was lowered from +3.0% to +1.0%. We also see risks to margin expansion guidance of +50bps and remain below at +20bps. We continue to see challenges for the group as they navigate account losses and reiterate our Underperform.”

Interpublic Group of Companies closed on Thursday at $9.54.

Latest Ratings for IPG

DateFirmActionFromTo
Jan 2017Pivotal ResearchDowngradesBuyHold
Jan 2017Morgan StanleyDowngradesOverweightEqual-Weight
Oct 2016RBC CapitalInitiates Coverage on

View More Analyst Ratings for IPG
View the Latest Analyst Ratings

Posted-In: Jefferies & CompanyAnalyst Color Price Target Analyst Ratings

 

Related Articles (IPG)

View Comments and Join the Discussion!