(CercleFinance.com) – Going against the trend in Paris, Publicis gained 3% on the back of favorable comments from brokers such as UBS, which reaffirmed its ‘buy’ recommendation while raising its target price from 71 to 75 euros, at the day after good annual results for the communications group.
He 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. UBS is therefore expecting a 4% increase in EPS consensus for 2022.
Similarly, Credit Suisse reaffirms its ‘neutral’ opinion on the title, but raises its price target from 65 to 70 euros, in the wake of its forecasts for 2022, raised by 3% on income, 2% on profit. operational and 5% on adjusted EPS.
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