WPP: Morgan Stanley maintains 'equal weight' ahead of CMD

(CercleFinance.com) - Morgan Stanley maintains its "equal weight" rating and 1,000 pence target price on WPP ahead of the British advertising group's capital markets day on 11 December.


After a 33% fall year-to-date, the meeting - that will take place on the same day as the UK Brexit vote - is a chance to rebase for 2019, the broker said in a note.

"This is the first real opportunity for new CEO Mark Read to lay out a strategic plan and new medium-term targets," the broker added.

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