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Fly News Breaks for February 15, 2018
IPG
Feb 15, 2018 | 09:14 EDT
RBC Capital analyst Steven Cahall raised his price target on Interpublic Group to $26 after a "strong" Q4 result and a "favorable" FY18 outlook. The analyst believes that the management's tone suggests that FY17 weakness was cyclical rather than structural, and the shorts will "move on" as value investors become involved. Cahall keeps his Sector Perform rating on Interpublic Group.
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