WPP faces Deutsche target cut after results flop
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WPP PLC's share price target was reduced by Deutsche Bank from 1,035p to 875p following disappointing guidance in its recent results. Despite this, Deutsche Bank maintained a 'buy' rating for the advertising firm.
February 28, 2025 | 2:00 pm
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Deutsche Bank has reduced WPP's price target from 1,035p to 875p due to disappointing guidance in recent results, but maintained a 'buy' rating.
The reduction in price target by Deutsche Bank suggests a negative outlook on WPP's short-term stock performance due to disappointing results. However, the 'buy' rating indicates some confidence in the company's longer-term prospects.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100