BUZZ-Omnicom rises; UBS increases PT

Reuters12-06
BUZZ-Omnicom rises; UBS increases PT

** Advertising firm Omnicom's OMC.N shares rise 5.8% to $74.23 in afternoon trading

** UBS raises PT to $108 from $99, representing an upside of 53.9% to the stock's last close

** Brokerage believes OMC could announce a buyback program of less than $3 billion over 2026 and 2027

** UBS upgrades forecast to include IPG, and assumes OMC will classify 5% of revenues as "held for sale"

** Average rating of 12 analysts is "buy", their median PT is $103 — data compiled by LSEG

** Up to last close, stock has fallen 18.4% this year

(Reporting by Anhata Rooprai in Bengaluru)

((Anhata.Rooprai@thomsonreuters.com))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment