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OMC

Omnicom

$76.77

1.06 (1.40%)

, WPP

WPP

$54.99

1.4 (2.61%)

12:42
11/21/18
11/21
12:42
11/21/18
12:42

Omnicom rises after winning $4B U.S. Army ad account

Shares of Omnicom (OMC) are on the rise after the company's DDB unit was awarded a massive 10-year contract from the U.S. Army. WHAT'S NEW: The U.S. Department of Defense yesterday said that DDB Chicago was awarded a $4B hybrid contract for services in support of the U.S. Army Marketing and Advertising Program. Bids were solicited via the internet with five received. Work locations and funding will be determined with each order, with an estimated completion date of November 18, 2028. U.S. Army Mission and Installation Contracting Command, Fort Knox, Kentucky, is the contracting activity, the DOD said. FLEISHMANHILLIARD: Following the announcement, PRWeek said that DDB will displace incumbent McCann Worldgroup for the contract, and that FleishmanHilliard will handle PR duties for the U.S. Army as part of Omnicom's account win. WPP (WPP) was reportedly the other finalist in the race for the deal, PRWeek said. Omnicom's PR firms include FleishmanHillard, Ketchum, Marina Maher Communications, Porter Novelli, Cone, Mercury, and Portland, among others, according to PRWeek. WHAT'S NOTABLE: Earlier last month, Bloomberg reported that Ford (F) had transferred advertising business worth hundreds of millions of dollars to Omnicom from WPP. The move ended a 75-year relationship between Ford and its creative house that was acquired by WPP in 1987, Bloomberg noted at the time. PRICE ACTION: In early afternoon trading, Omnicom shares are up 1.44% to $76.79.

OMC

Omnicom

$76.77

1.06 (1.40%)

WPP

WPP

$54.99

1.4 (2.61%)

F

Ford

$9.16

0.1 (1.10%)

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OMC Omnicom
$76.77

1.06 (1.40%)

09/28/18
LEHM
09/28/18
DOWNGRADE
Target $75
LEHM
Underweight
Omnicom downgraded to Underweight from Equal Weight at Barclays
07/18/18
WELS
07/18/18
NO CHANGE
Target $75
WELS
Market Perform
Omnicom price target lowered to $75 from $80 at Wells Fargo
Wells Fargo analyst Peter Stabler lowered his price target for Omnicom to $75 from $80 on lowered FY19 estimates. The analyst reiterates a Market Perform rating on the shares.
07/23/18
ARGS
07/23/18
DOWNGRADE
ARGS
Hold
Omnicom downgraded to Hold from Buy at Argus
07/23/18
ARGS
07/23/18
DOWNGRADE
ARGS
Hold
Omnicom downgraded to Hold at Argus on disappointing Q2
As reported earlier, Argus analyst Deborah Ciervo downgraded Omnicom to Hold From Buy following Q2 results that showed disappointing revenue and weak advertising trends. The analyst believes that the weakness in the retail sector is weighing on the company's North America business, even as performance has improved in Europe, U.K., and Asia. Ciervo added that she expects continued slow organic growth in the near term, even as her outlook for the longer term remains bullish "based on its leading industry position and our high regard for management, which has a history of topping Street expectations and achieving high returns on invested capital".
WPP WPP
$54.99

1.4 (2.61%)

06/05/18
BREN
06/05/18
DOWNGRADE
BREN
Sell
WPP downgraded to Sell from Hold at Berenberg
Berenberg analyst Alastair Reid downgraded WPP to Sell and lowered his price target for the shares to 1,075p from 1,275p. The company's operational performance in Q1 is below peers, especially in North America, Reid tells investors in a research note. The analyst expects WPP's situation to get worse before improving amidst the management change.
06/04/18
PIVT
06/04/18
DOWNGRADE
PIVT
Hold
WPP downgraded to Hold from Buy at Pivotal Research
Pivotal Research analyst Brian Wieser downgraded WPP to Hold from Buy following the stock's recent move above his prior price target of 1330p. He maintains a positive long-term view on WPP, but thinks downside risks will remain top-of-mind for investors in the near-term. Wieser lowered his price target on WPP shares to 1230p from 1330p.
06/19/18
MOFT
06/19/18
INITIATION
MOFT
Neutral
WPP initiated with a Neutral at MoffettNathanson
10/25/18
PIVT
10/25/18
UPGRADE
PIVT
Buy
WPP upgraded to Buy from Hold at Pivotal Research
Pivotal Research analyst Brian Wieser upgraded WPP to Buy while lowering his price target for the shares to 1030p from 1060p. The analyst sees a "compelling value" with today's 20% stock decline following the company's "weak" Q3 results and 2018 outlook.
F Ford
$9.16

0.1 (1.10%)

10/29/18
10/29/18
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Ford (F) upgraded to Buy from Neutral at Goldman Sachs with analyst David Tamberrino saying he views the stock as a "product and self-help story" along with an "attractive" dividend yield. 2. Helmerich & Payne (HP) upgraded to Market Perform from Underperform at BMO Capital. 3. STMicroelectronics (STM) upgraded to Neutral from Sell at UBS. 4. AB InBev (BUD) upgraded to Outperform from Sector Perform at RBC Capital with analyst James Edwardes Jones saying while the company's Q3 results were "disappointing," he believes that shares were also oversold given that the company's "sales growth looks OK relative to the rest of the consumer staples sector." 5. ConocoPhillips (COP) upgraded to Buy from Neutral at BofA/Merrill with analyst Doug Leggate saying ConocoPhillips' has a favorably leveraged oil portfolio mix which is overlooked by the market and benefits from the 2014 change in the Alaska tax regime. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/29/18
GSCO
10/29/18
UPGRADE
Target $12
GSCO
Buy
Goldman upgrades Ford to Buy with 40% total return potential in 12 months
Goldman Sachs analyst David Tamberrino upgraded Ford Motor (F) to Buy and raised his price target for the shares to $12 from $9. While the analyst still expects a "downward earnings trajectory" into 2019 as North America profit remains under pressure, he believes next year will represent "trough earnings" for Ford. The combination of a refreshed product cadence globally as well as cost improvements from strategic initiatives will begin to take hold in 2019, Tamberrino tells investors in a research note. The analyst believes Ford "can put itself on a pathway to earnings that are above normalized EPS by 2021." With investor sentiment still skewed toward General Motors (GM) over Ford, incremental announcements regarding plant closures and business decisions around under-performing product lines would likely be viewed positively, says Tamberrino. In addition, he believes Ford's current regular dividend "appears manageable." All in, he sees potential for a total return of approximately 40% over the next year for Ford shares. The stock in premarket trading is up 25c to $9.23.
10/29/18
GSCO
10/29/18
UPGRADE
Target $12
GSCO
Buy
Ford upgraded to Buy from Neutral at Goldman Sachs
Goldman Sachs analyst David Tamberrino upgraded Ford Motor to Buy and raised his price target for the shares to $12 from $9. The analyst views as a "product and self-help story" along with an "attractive" dividend yield.
10/25/18
MSCO
10/25/18
NO CHANGE
Target $10
MSCO
Equal Weight
Ford Q3 beat, guidance reiteration provide some relief, says Morgan Stanley
After Ford reported Q3 adjusted EBIT that was close to 10% above the consensus view and reiterated its full year EPS guidance, Morgan Stanley analyst Adam Jonas said he believes the report can help calm negative sentiment and falling expectations in the equity and credit markets. Jonas, who thinks the stock reaction will be positive, "but probably not the big inflection," reiterates an Equal Weight rating and $10 price target on Ford shares.

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Tel-Instrument

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Nexstar

$85.78

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HBM

Hudbay Minerals

$4.79

-0.11 (-2.24%)

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FB

Facebook

$145.07

0.81 (0.56%)

, T

AT&T

$29.91

-0.26 (-0.86%)

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Facebook seeks to sell cable TV subscriptions, Recode says »

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FB

Facebook

$145.07

0.81 (0.56%)

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AT&T

$29.91

-0.26 (-0.86%)

CBS

CBS

$47.90

-0.76 (-1.56%)

LGF.A

Lionsgate

$15.75

-0.87 (-5.23%)

LGF.B

Lionsgate

$14.60

-0.635 (-4.17%)

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QCOM

Qualcomm

$58.09

0.36 (0.62%)

, AAPL

Apple

$170.93

1.84 (1.09%)

18:12
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Periodicals
Judge says evidence of Apple switch can't be used in Qualcomm case, Reuters says »

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QCOM

Qualcomm

$58.09

0.36 (0.62%)

AAPL

Apple

$170.93

1.84 (1.09%)

INTC

Intel

$48.29

0.46 (0.96%)

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XPO

XPO Logistics

$44.33

-15.92 (-26.42%)

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EQNR

Equinor

$22.97

0.08 (0.35%)

18:08
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Downgrade
Equinor rating change at Goldman Sachs »

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EQNR

Equinor

$22.97

0.08 (0.35%)

18:03
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Downgrade
Equinor rating change at Goldman Sachs »

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AAPL

Apple

$170.93

1.84 (1.09%)

18:01
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Periodicals
Apple Connect to shut down in 2019, Apple Insider says »

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LOB

Live Oak Bancshares

$15.19

0.09 (0.60%)

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Live Oak Bancshares President Neil Lawrence Underwood buys 15,546 shares »

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SBUX

Starbucks

$66.90

0.8 (1.21%)

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AAPL

Apple

$170.93

1.84 (1.09%)

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HESM

Hess Midstream Partners

$19.93

0.5 (2.57%)

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ADBE

Adobe

$247.71

2.27 (0.92%)

17:46
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AES

AES Corp.

$15.78

-0.11 (-0.69%)

17:45
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Conference/Events
AES Corp. management to meet with SunTrust »

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MTN

Vail Resorts

$221.16

-3.77 (-1.68%)

17:42
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YECO

Yulong Eco-Materials

$5.00

0.42 (9.17%)

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OLP

One Liberty Properties

$26.17

-0.09 (-0.34%)

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UNFI

United Natural Foods

$11.58

-1.18 (-9.25%)

17:38
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EME

Emcor

$64.78

-1.07 (-1.62%)

17:37
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Initiation
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CECE

CECO Environmental

$7.54

-0.14 (-1.82%)

17:36
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Initiation
CECO Environmental initiated at Maxim »

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CPA

Copa Holdings

$77.37

-2.55 (-3.19%)

17:34
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