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Fly News Breaks for October 11, 2018
IPG
Oct 11, 2018 | 06:49 EDT
JPMorgan analyst Alexia Quadrani reinstated coverage of Interpublic Group with an Overweight rating and $28 price target following a period of restriction. Amid a challenging industry landscape marked by 1% organic growth, IPG has outperformed, Quadrani tells investors in a research note. The analyst views positively the acquisition of Acxiom Marketing Solutions, saying it brings scale in data and data expertise to a management team "that has a proven ability to integrate such knowledge across a holding company organization."
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