Publicis: UBS still a buyer after trading update
(CercleFinance.com) - The day after a trading update on its Q3 results, which proved to be better than expected, UBS has confirmed its "buy" rating on the Publicis stock, along with its target price of 75 euros.
"Publicis confirms organic growth is set to improve in Q4 18," the broker says, which has raised its estimate for organic growth to +2.8% over the period.
"If PUB can sustain momentum, the stock looks attractive on 10x PE," UBS adds, for which its unchanged target price suggests upside potential of 38% for the share.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
"Publicis confirms organic growth is set to improve in Q4 18," the broker says, which has raised its estimate for organic growth to +2.8% over the period.
"If PUB can sustain momentum, the stock looks attractive on 10x PE," UBS adds, for which its unchanged target price suggests upside potential of 38% for the share.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.