(CercleFinance.com) – The stock continues to rise with a gain of more than 5% (10% yesterday) after the announcement of its figures for the first six months of the year and the raising of its forecasts.
UBS believes the group is better positioned to weather a macroeconomic downturn. The analyst confirms his advice to buy the value and adjusts his price target to 65 E (against 64 E).
‘The results of Publicis and the confidence in the year 2022 should be well received by the market which already foresees a slowdown in the sector’ indicates the analysis office.
Publicis Groupe has indicated that it is revising its forecasts for 2022 upwards, with organic growth expected between +6 and +7%, an operating margin rate between 17.5 and 18%, and a free cash flow (FCF) of at least 1.5 billion euros.