Citigroup Maintains Buy on Omnicom Group, Lowers Price Target to $112
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Jason Bazinet has maintained a 'Buy' rating on Omnicom Group (NYSE:OMC) but lowered the price target from $113 to $112.
October 19, 2023 | 4:16 pm
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NEUTRAL IMPACT
Citigroup has maintained a 'Buy' rating on Omnicom Group but lowered the price target from $113 to $112.
The news is directly related to Omnicom Group. While the 'Buy' rating is maintained, the slight decrease in price target could indicate a minor concern about the company's short-term performance. However, the impact on the stock price is likely to be neutral in the short term as the decrease is minimal and the 'Buy' rating is still in place.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100