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IPG: Good 2016 Prospects Continue --  Pivotal Research

IPG: Good 2016 Prospects Continue --  Pivotal Research

Author

Brian Wieser photo

Brian Wieser

Publish date

April 22, 2016

Channel

Wall St. Village
3

BOTTOM LINE: IPG reported 1Q16 earnings with +6.7% organic revenue growth, which was above ours and consensus expectations. Margins were also favorable vs. expectations as the company posted a year-over-year gain of 70bps in the quarter. We continue to rate IPG Buy and maintain our YE2016 price target of $26.

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Brian Wieser photo

Brian Wieser

Brian Wieser is a Senior Analyst at Pivotal Research Group, where he covers securities which are impacted by the advertising economy, including Facebook, Google, Yahoo, Interpublic, Omnicom, WPP, Publicis, Nielsen, CBS, Viacom and Discovery Communications.... read more

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