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Fly News Breaks for April 14, 2016
MDCA, OMC
Apr 14, 2016 | 07:21 EDT
Wells Fargo analyst Peter Stabler downgraded Omnicom (OMC) to Market Perform saying expectations for margin expansion are priced into the shares at current levels. The analyst raised his price target range for the stock to $82-$84 from $80-$82. The analyst coupled the downgrade with an upgrade of MDC Partners (MDCA).