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Interpublic: shares fall after broker's downgrade.

(CercleFinance.com) - Shares of Interpublic are currently down 2.
5% at uner 20 dollars in early trading on Wednesday, after Jefferies downgraded its rating on the US advertising company.

"We believe the large US based ad agencies will continue to see sub-trend North America organic growth in 2018 driven by a combination of competition, fee pressure, end market issues (consumer packaged goods/retail/telecom) and work moving in-house, all impacting growth," the brokerage firm said.

Expecting margin growth to slow at this point, Jefferies has cut its target price on the stock from 24 dollars to 20 dollars, downgrading its corresponding recommendation from "buy" to "hold."

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