JP Morgan Downgrades Interpublic Gr of Cos to Neutral, Lowers Price Target to $33
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst David Karnovsky has downgraded Interpublic Group of Companies (NYSE:IPG) from Overweight to Neutral and reduced the price target from $36 to $33.
October 01, 2024 | 1:11 pm
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JP Morgan has downgraded Interpublic Group of Companies from Overweight to Neutral, with a reduced price target of $33, indicating a less optimistic outlook.
The downgrade from Overweight to Neutral by a major financial institution like JP Morgan suggests a less favorable view on IPG's future performance. The reduction in the price target from $36 to $33 further supports this sentiment, likely leading to a short-term negative impact on the stock price.
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IMPORTANCE 80
RELEVANCE 100