Pivotal Research Upgrades Omnicom Group (OMC) to Hold

Pivotal Research upgraded Omnicom Group (NYSE: OMC) from Sell to Hold with a price target of $69.00 (from $57.00).

Analyst Brian Wieser said, "We are updating models and rolling out YE2016 price targets, all of which are primarily higher with this valuation date. Given current trading levels we are now upgrading each of Omnicom, Publicis and WPP and maintaining our Hold rating on Interpublic."

For an analyst ratings summary and ratings history on Omnicom Group click here. For more ratings news on Omnicom Group click here.

Shares of Omnicom Group closed at $71.71 yesterday.

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