Deutsche Bank On OMC EPS

Deutsche Bank has issued a report on the EPS results from Omnicom OMC. According to the report, "A very pleasing result overall amidst a lot of investor uncertainty on ad market trends -- finally agency investors are seeing revenue upside flow through to margins. This was expected, particularly as Omnicom has been disposing of underperforming assets and took charges in 1Q, but still good to see." OMC has a Buy Rating and a $51 Price Target. OMC closed at $47.49 a share yesterday.