Wells Fargo Downgrades Interpublic Gr of Cos to Underweight, Lowers Price Target to $26
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Steven Cahall has downgraded Interpublic Group of Companies (NYSE:IPG) from Equal-Weight to Underweight and reduced the price target from $28 to $26.
October 22, 2024 | 9:41 pm
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Wells Fargo has downgraded Interpublic Group of Companies to Underweight and reduced its price target to $26, indicating a bearish outlook.
The downgrade from Equal-Weight to Underweight by Wells Fargo suggests a negative outlook on IPG's stock performance. The reduction in the price target from $28 to $26 further supports this bearish sentiment, likely leading to a short-term decline in IPG's stock price.
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