Wells Fargo Downgrades Interpublic Gr of Cos to Equal-Weight, Lowers Price Target to $33
Portfolio Pulse from richadhand@benzinga.com
Wells Fargo analyst Steven Cahall has downgraded Interpublic Gr of Cos (NYSE:IPG) from Overweight to Equal-Weight and lowered the price target from $43 to $33.
July 24, 2023 | 9:22 am
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Interpublic Gr of Cos has been downgraded by Wells Fargo from Overweight to Equal-Weight, with a lowered price target from $43 to $33.
The downgrade from Overweight to Equal-Weight by Wells Fargo indicates a less optimistic outlook for the company. The lowered price target from $43 to $33 also suggests that the analyst believes the stock is overvalued at its current price. This could potentially lead to a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100