JPMorgan analyst David Karnovsky reinstated coverage of Omnicom with an Overweight rating and price target of $106, up from $100, following a period of restriction. Omnicom is the firm’s preferred pick in the agency space. Amid a volatile period the company has posted steady organic growth, underpinned by advertising and media where management has consistently called out strength in media, the analyst tells investors in a research note.
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