2024 - Publicis: gains nearly 4%, a broker raises its target

(CercleFinance.com) – Publicis is up nearly 4% and signs the biggest rise in the CAC40, benefiting in particular from an analysis by UBS which reaffirms its ‘buy’ recommendation on the stock and raises its price target from 71 to 75 euro.

This new price target reveals a potential growth of 22% for the action of the French communication group.

The broker notes that Publicis unveiled organic growth of 9.3% in the last quarter of 2021 against a consensus of 7%, and indicated that it is aiming for organic growth of 4-5% in 2022 against 3.3% expected. He therefore expects a 4% increase in EPS consensus for 2022.

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