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OMC

Omnicom

$83.01

0.14 (0.17%)

15:20
10/17/16
10/17
15:20
10/17/16
15:20

Omnicom technical notes ahead of earnings news

The shares have been trading in a narrow range defined largely by $80 at the low and $85 at the high, since March of this year. Price is very close to the midpoint of that range ahead of earnings. If the news is positive, the high of the range could easily be tested. Next resistance above would be at the 52-week high at $87.50. A move above the high would open up a run to the $90 area. If the new is a negative surprise, the low of the range would likely be tested. If the low of the range is broken, next supports to watch below as potential downside objectives would be at $78.95, $75.40, and $73.35.

  • 18

    Oct

OMC Omnicom
$83.01

0.14 (0.17%)

04/14/16
WELS
04/14/16
DOWNGRADE
WELS
Market Perform
Omnicom downgraded to Market Perform from Outperform at Wells Fargo
Wells Fargo analyst Peter Stabler downgraded Omnicom (OMC) to Market Perform saying expectations for margin expansion are priced into the shares at current levels. The analyst raised his price target range for the stock to $82-$84 from $80-$82. The analyst coupled the downgrade with an upgrade of MDC Partners (MDCA).
04/14/16
04/14/16
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Cowen analyst Charles Neivert downgraded Potash (POT), Mosaic (MOS), Intrepid Potash (IPI) and CF Industries (CF), all to Underperform, citing the risk of further deterioration in the grain environment. He also cites the belief that nutrient prices and margins still have room to fail. Neivert said an increase in U.S. corn acreage to 93.6M acres, combined with likely gains in Brazilian and Argentine output, would likely result in a very sizable drop in both corn price and 2017 acreage. 2. PepsiCo (PEP) downgraded to Hold at Stifel citing valuation and its belief that the stock probably lacks "structural or growth-related catalysts." 3. Lennox (LII) downgraded to Sector Weight at KeyBanc with analyst Jeffrey Hammond saying he expects the stock to trade more in line with the peers after a period of multiple expansion. 4. Omnicom (OMC) downgraded to Market Perform at Wells Fargo by analyst Peter Stabler, who said expectations for margin expansion are priced into the shares at current levels. 5. Graco (GGG) downgraded to Neutral at SunTrust citing valuation. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
09/15/16
FBCO
09/15/16
INITIATION
Target $83
FBCO
Neutral
Omnicom initiated with a Neutral at Credit Suisse
Credit Suisse analyst Omar Sheikh initiated Interpublic Group with a Neutral and a $83 price target on shares.
10/06/16
RBCM
10/06/16
INITIATION
Target $87
RBCM
Sector Perform
Omnicom initiated with a Sector Perform at RBC Capital
RBC Capital analyst Steven Cahill initiated Omnicom with a Sector Perform and an $87 price target.

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