Publicis: UBS maintains 'buy' rating
(CercleFinance.com) - UBS has reinstated its "buy" recommendation on the Publicis stock, with a target price of 75 euros, which suggests upside potential of 40% for of the French media group.
"Organic growth momentum is set to improve in Q418 and remain elevated in H119 driven by account wins," says the broker, which factors in share repurchases amounting to 500 million euros in its 2019 EPS estimates.
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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.
"Organic growth momentum is set to improve in Q418 and remain elevated in H119 driven by account wins," says the broker, which factors in share repurchases amounting to 500 million euros in its 2019 EPS estimates.
Copyright (c) 2019 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.