Publicis upgraded to Overweight from Neutral at JPMorgan

JPMorgan upgraded Publicis (PUBGY) to Overweight from Neutral with a price target of EUR 140, up from EUR 109. The firm expects European media stocks with U.S. exposure to outperform in the first half of 2025 with the U.S. remaining the key driver of global growth, with possible upside from deregulation, a stronger dollar and lower taxes.