UBS Reaffirms Buy Rating for Omnicom (OMC)

Omnicom Group Inc. (NYSE:OMC) is one of the 10 best stocks that recently issued new debt.

As of the March 26 closing, consensus sentiment for Omnicom Group Inc. (NYSE:OMC) remained moderately bullish. The stock received coverage from 7 analysts, 4 of whom assigned Buy ratings and 2 gave Hold calls. With 1 Sell rating, it has a projected median 1-year price target of $98.57, resulting in an upside potential of almost 34% at the prevailing level.

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On March 20, Omnicom Group Inc. (NYSE:OMC) was subject to an upward revision in its target price, from $108 to $114 by UBS. The firm also reiterated its Buy rating on the stock, which currently yields an adjusted upside potential of more than 52%.

Back on February 23, Barclays also increased its target price for Omnicom Group Inc. (NYSE:OMC) from $82 to $90. The firm maintained an Equal Weight rating on the stock, which offers a revised potential upside of more than 20% at the current level. The revision in the price target came on the back of the company’s fourth-quarter results, which appeared to be in line with consensus estimates.

Omnicom Group Inc. (NYSE:OMC) is a media, communications, sales, and marketing company that operates through its various subsidiaries. They deliver services such as advertising, branding, precision marketing, content marketing, CSR consulting, public relations support, and more. They integrate their technical expertise with data management and analytics to deliver superior value to customers.

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