Exane BNP Paribas double upgraded Interpublic Group (IPG) to Outperform from Underperform with a $38 price target. The firm’s scenario analysis suggests as much as 50% upside in the shares if its synergies beat and multiple expands. Exane expects Omnicom’s (OMC) full share bid to go through by the end of 2025. 2025 could be a “year of surprises” for the agencies sector, the analyst tells investors in a research note.
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