J.P. Morgan Comments on Omnicom Group

J.P. Morgan has published a research report on Omnicom Group OMC noting positive Q2 results. In the report, J.P. Morgan commented, "We expect strong revenue growth and positive commentary on the health of the ad industry when Omnicom reports 2Q results on Tuesday, July 19th. We believe that in spite of continued economic uncertainty in both the US and many international markets, ad spending has held in relatively well with no significant pullbacks across the various verticals and reiterate our Overweight rating on Omnicom ahead of earnings." J.P. Morgan rated Omnicom Group an Overweight with a price target of $55.00. Omnicom Group closed Friday at $47.29.