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UPDATE: Pivotal Research Group Upgrades Omnicom Group to Buy, Reiterates $56 PT

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Earnings Scheduled For April 18, 2017

In a report published Wednesday, Pivotal Research Group upgraded its rating on Omnicom Group (NYSE: OMC) from Hold to Buy, and reiterated its $56.00 price target.

Pivotal Research noted, “We our upgrading our recommendation on Omnicom from to BUY from HOLD. We initiated coverage on the company this January, at which time OMC traded at $46.74, with a HOLD rating. Since our initiation, OMC stock has risen by 2%, vs. the S&P, which was up by 7% since that time.”

Omnicom Group closed on Tuesday at $47.80.

Latest Ratings for OMC

DateFirmActionFromTo
Apr 2017Evercore ISI GroupInitiates Coverage OnIn-Line
Mar 2017RBC CapitalUpgradesSector PerformOutperform
Mar 2017Bank of AmericaInitiates Coverage OnNeutral

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Posted-In: Pivotal Research GroupAnalyst Color Upgrades Analyst Ratings

 

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