Publicis: UBS sets its price target at 88 E

( – UBS confirms its buy advice on the stock and raises its price target to 88 E (instead of 87 E) after the announcement of the results for the 3rd quarter of 2023 and a new revision to increasing its targets for 2023.

The analyst believes that the 3rd quarter result supports Publicis’ strong momentum.

‘After good results in the 3rd quarter of 2023, we present our main orientations and raise our organic growth forecasts to +6% and +4% for fiscal years 23-24 respectively,’ indicates UBS.

‘Q323 organic growth exceeded expectations, up +5.3% versus UBSe at +4.0%. Guidance for FY23 has been improved’.

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