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Fly News Breaks for September 23, 2019
OMC
Sep 23, 2019 | 16:37 EDT
Wells Fargo analyst Steven Cahall initiated Omnicom with a Market Perform rating and a price target of $81. The analyst is positive on the company's organic revenue growth focus through "expanded service offerings and new business wins" along with investment in internal high-growth areas internally and with acquisitions, but his valuation model suggests only 6% potential upside in the stock price.
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