JP Morgan Maintains Overweight on Interpublic Gr of Cos, Lowers Price Target to $37
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst David Karnovsky maintains an Overweight rating on Interpublic Group of Companies (IPG) but lowers the price target from $38 to $37.

February 09, 2024 | 9:22 pm
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JP Morgan maintains an Overweight rating on IPG but lowers the price target from $38 to $37.
The adjustment in price target by JP Morgan, while maintaining an Overweight rating, suggests a continued positive outlook on IPG but with a slightly moderated growth expectation. This could lead to a neutral short-term impact on the stock as the market digests the slight reduction in the price target against the backdrop of sustained confidence in the company's prospects.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100