5 analyst picks : Interpublic upgraded at BofA | Pro Recap
Investing.com | Author Davit Kirakosyan
Published Mar 31, 2023 04:57AM ET
Updated Mar 31, 2023 08:10AM ET
By Davit Kirakosyan
Investing.com -- Here is your daily Pro Recap of the biggest analyst picks you may have missed since yesterday.
Interpublic upgraded to Buy, well suited for challenging times/h2
BofA Securities upgraded Interpublic (NYSE:IPG) to Buy from Neutral yesterday morning, raising its price target to $40.00 from $38.00. Shares closed more than 3% yesterday. The firm noted that Interpublic is well-suited for challenging times.
Following a recent meeting with management, BofA Securities said they are confident that (1) the current headwinds specific to the company are temporary, (2) weakness in the Tech/Telecom sector will be compensated for by the strength of the Healthcare sector, and (3) costs are effectively controlled.
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