Barclays Maintains Equal-Weight on Interpublic Gr of Cos, Lowers Price Target to $35
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Julien Roch maintains an Equal-Weight rating on Interpublic Gr of Cos (NYSE:IPG) and lowers the price target from $38.26 to $35.

October 23, 2023 | 3:09 pm
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Barclays has maintained an Equal-Weight rating on Interpublic Gr of Cos and lowered the price target from $38.26 to $35.
The news is directly related to Interpublic Gr of Cos (IPG). Barclays' decision to maintain an Equal-Weight rating indicates a neutral outlook for the stock. However, the lowering of the price target from $38.26 to $35 could potentially have a negative impact on the stock's price in the short term, as it suggests that the analyst believes the stock is currently overvalued. However, the impact is not certain and could be offset by other market factors.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100