Publicis: UBS sets its price target at 88 E


(CercleFinance.com) – 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’.

Copyright © 2023 CercleFinance.com. All rights reserved.
The information and analyzes distributed by Cercle Finance only constitute a decision-making aid for investors. Cercle Finance cannot be held responsible directly or indirectly following the use of information and analyzes by readers. It is recommended that any uninformed person consult a professional advisor before making any investment. This indicative information does not in any way constitute an inducement to sell or a solicitation to buy.

Did you like this article ? Share it with your friends using the buttons below.


Twitter


Facebook


Linkedin


E-mail





Source link -85