WPP: Credit Suisse raises TP - but still a seller
(CercleFinance.com) - On Friday morning Credit Suisse analysts confirmed their "Underperform" rating on the WPP share, although said that they are raising their target price from 565 pence to 600 pence (current price: 652 pence, -1.
8%).
"In common with IPG and Publicis, the company beat Q2 organic consensus. We raise our FY20E organic growth to -8.5% from -11%," Credit Suisse said.
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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.
8%).
"In common with IPG and Publicis, the company beat Q2 organic consensus. We raise our FY20E organic growth to -8.5% from -11%," Credit Suisse said.
Copyright (c) 2020 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.