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Fly News Breaks for February 16, 2018
IPG
Feb 16, 2018 | 07:04 EDT
As previously reported, Macquarie upgraded Interpublic Group to Neutral from Underperform and raised its price target to $24 from $18.50. Analyst Tim Nollen said the company delivered a surprise Q4 upside and more confident outlook and raised his 2018 earnings estimate to $1.71 from $1.49 on slightly higher top line and margin inputs. Nollen said expectations can now re-set a bit and the earnings profile does not seem as risky.
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