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Fly News Breaks for January 5, 2017
IPG
Jan 5, 2017 | 08:29 EDT
As previously reported, Morgan Stanley downgraded Interpublic Group to Equal Weight from Overweight and raised its price target to $86 from $81. Analyst Benjamin Swinburne expects Interpublic's organic growth to moderate in 2017 due to the stronger US dollar and believes concerns about the Department of Justice's investigation into bid rigging could limit multiple expansion.
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