As reported earlier, RBC Capital analyst Steven Cahall downgraded Omnicom to Sector Perform from Outperform and lowered his price target to $83 from $87. Cahall says the weaker than expected Q4 organic growth and soft FY18 outlook demonstrates the "opacity facing the industry". The analyst adds that he was hopeful to see more visibility into earnings growth by now.
Check out this morning's top movers from around Wall Street, compiled by The Fly. HIGHER - Alcoa (AA)... To see the rest of the story go to thefly.com. See Story Here