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Deutsche Bank Reiterates $51 Price Target on Omnicom Group

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Deutsche Bank is reiterating its $51 PT on shares of Omnicom Group (NYSE: OMC).

“Our $51 TP equates to 16x 2011 ‘operating' EPS of $3.14 ($3.22 including the 1Q tax benefits, or +7% vs. the market on 2012 consensus,” Deutsche Bank writes.

“Because normalization is back we think the shares should be re-rated toward historical levels. Downside risks: stalled macro recovery, inability to expand margins, strengthening US dollar, losses of major clients and overpaying for acquisitions.”

Omnicom Group closed Thursday at $47.11.

 

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Posted-In: Deutsche Bank Omnicom GroupReiteration Analyst Ratings

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