Morgan Stanley Downgrades Interpublic Gr of Cos to Underweight, Lowers Price Target to $28
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley has downgraded Interpublic Group of Companies (NYSE: IPG) from Equal-Weight to Underweight and lowered the price target from $34 to $28.
July 22, 2024 | 11:16 am
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Morgan Stanley has downgraded Interpublic Group of Companies (NYSE: IPG) from Equal-Weight to Underweight and lowered the price target from $34 to $28.
The downgrade from Equal-Weight to Underweight and the reduction in the price target from $34 to $28 by Morgan Stanley is likely to negatively impact IPG's stock price in the short term. Downgrades and lower price targets typically signal a lack of confidence in the company's near-term performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100