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Fly News Breaks for October 7, 2016
IPG
Oct 7, 2016 | 07:20 EDT
As noted earlier, RBC Capital initiated Interpublic Group with a Top Pick rating. Analyst Stven Cahall says that the company is the firm's top pick in media/advertising. He thinks that the company's growth is accelerating, driven by its high exposure to the outperforming U.S. economy, and he believes that the company will benefit from accelerating U.S. economic growth in 2017. Cahall says that the company's margin expansion should exceed that of its peers going forward, enabling its earnings to beat expectations. The analyst adds that the company poses less risk than its peers. Target $27.