Macquarie raised the firm’s price target on WPP (WPP) to 825 GBp from 725 GBp and keeps a Neutral rating on the shares following what the firm calls “a surprising beat on Q3 organic net revenue growth.” A bit of momentum appears to be building on recent new business wins, but WPP “still has much to prove,” the analyst tells investors.
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Read More on WPP:
- Morning Movers: AT&T rises and Coca-Cola falls following quarterly reports
- WPP reports Q3 revenue GBP 3.56B vs. GBP 3.51B last year
- WPP price target lowered to 860 GBp from 900 GBp at JPMorgan
- WPP placed on ‘positive catalyst watch’ at Citi
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