WPP: Invest Securities upgrades sell rating
(CercleFinance.com) - Invest Securities has upgraded its rating on WPP from "sell" to "neutral" and has raised its target price for the share from 8.
39 pounds to 9.07 pounds, to incorporate higher expected medium-term growth, after the group presented its new strategic direction.
Unsurprisingly, this strategy is close to that of its competitors and aims to simplify its structures to better meet its customers' demands in a world that is shaken by digital transformation, said the analyst who monitors the stock.
He adds that the measures taken aim to renew with growth that is in line with the rest of the sector in 2021, albeit with less ambitious margins (at least 15%) than in the past to obtain a better balance between growth and profitability.
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.
39 pounds to 9.07 pounds, to incorporate higher expected medium-term growth, after the group presented its new strategic direction.
Unsurprisingly, this strategy is close to that of its competitors and aims to simplify its structures to better meet its customers' demands in a world that is shaken by digital transformation, said the analyst who monitors the stock.
He adds that the measures taken aim to renew with growth that is in line with the rest of the sector in 2021, albeit with less ambitious margins (at least 15%) than in the past to obtain a better balance between growth and profitability.
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.