BofA analyst Adrien de Saint Hilaire moves to No Rating on Interpublic (IPG) after the company and Omnicom (OMC) confirmed they have agreed to combine in an all-stock transaction. The firm believes Interpublic’s stock is no longer trading on the basis of fundamentals, the analyst tells investors.
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Read More on IPG:
- Interpublic Group upgraded to Equal Weight from Underweight at Wells Fargo
- Interpublic Group Merges with Omnicom Group
- Advertising Stocks Fall on News That Omnicom (OMC) is Acquiring Rival Interpublic Group
- Zeta Global CEO says Omnicom, IPG announcement ‘positive one for industry’
- Omnicom to acquire Interpublic, China to investigate Nvidia: Morning Buzz
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