Omnicom Group (OMC) Tops Q3 EPS by 4c
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Goldman Sachs Downgrades Omnicom Group (OMC) to Sell
October 22, 2014 6:38 AM EDTGoldman Sachs downgraded Omnicom Group (NYSE: OMC) from Neutral to Sell with a price target of $64.00.
Analyst Drew Borst said, "We think 2015/16 consensus EPS estimates are 4%/9% too high due to a combination of revenue growth, FOREX and operating margins. We see OMCs sector-high European exposure as a liability in the face of weaker macro growth. The EBITA margin is compressing... More
