BofA Analyst Cautious on Omnicom (OMC), Cites IPG Merger Integration Risks
Omnicom Group Inc. (NYSE:OMC) is one of the most undervalued NYSE stocks to buy right now. On November 12, BofA analyst Adrien de Saint Hilaire lowered the firm’s price target on Omnicom to 90, while maintaining a Neutral rating on the shares. This sentiment was posted as the analyst assessed Interpublic Group of Companies’ (NYSE:IPG) recent quarterly report, which was released shortly before its anticipated acquisition by Omnicom closes this month. The results were mixed. IPG’s success in excee ...