Publicis: UBS still a buyer, raises TP
(CercleFinance.com) - UBS confirms its buy rating on the stock, adding a euro to its target price to E88 (from E87) after the group's announcement of Q3 2023 results, while further increasing its targets for 2023.
The analyst believes that its Q3 results underpin Publicis' strong momentum.
"Following a strong print in Q323 we outline our key takes and lift our organic growth forecasts to +6% and +4% in FY23-24 respectively," UBS says.
Copyright (c) 2023 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.
The analyst believes that its Q3 results underpin Publicis' strong momentum.
"Following a strong print in Q323 we outline our key takes and lift our organic growth forecasts to +6% and +4% in FY23-24 respectively," UBS says.
Copyright (c) 2023 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.