WPP: Oddo upgrades stock
(CercleFinance.com) - Oddo BHF has upgraded its rating on the share of British advertising group WPP from "neutral" to "outperform," having increased its corresponding target price from 880 pence to 1000 pence, thereby changing its ranking of European communication agencies, a sector on which it remains positive.
It therefore prefers the British group at the start of 2021, compared to its French peer Publicis, which it has downgraded to "neutral," given upside potential that now seems more limited relative to its target price, which it maintains at 51 euros.
The share is flat at lunchtime on Tuesday.
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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.
It therefore prefers the British group at the start of 2021, compared to its French peer Publicis, which it has downgraded to "neutral," given upside potential that now seems more limited relative to its target price, which it maintains at 51 euros.
The share is flat at lunchtime on Tuesday.
Copyright (c) 2021 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.