UBS Downgrades Interpublic Gr of Cos to Sell, Lowers Price Target to $29
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Adam Berlin has downgraded Interpublic Group of Companies (NYSE:IPG) from Neutral to Sell, reducing the price target from $34 to $29.
September 12, 2024 | 12:12 pm
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UBS analyst Adam Berlin downgraded Interpublic Group of Companies from Neutral to Sell, reducing the price target from $34 to $29. This suggests a negative outlook on the stock's performance.
The downgrade from Neutral to Sell by UBS, along with a lowered price target, indicates a bearish sentiment from the analyst. This is likely to negatively impact IPG's stock price in the short term as investors react to the revised outlook.
CONFIDENCE 90
IMPORTANCE 80
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