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JP Morgan Comments on Growth at Omnicom Group
Tuesday, July 19, 2011 - 9:08am | 98J.P. Morgan has published a report on Omnicom Group (NYSE: OMC) reviewing Q2 results. In the report, J.P. Morgan wrote, "Omnicom reported strong Q2 results this morning, delivering $0.96 EPS and beating our above consensus estimate of $0.93 and coming in well ahead of consensus at $0.91. Organic...
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Deutsche Bank On OMC EPS
Tuesday, July 19, 2011 - 8:27am | 90Deutsche Bank has issued a report on the EPS results from Omnicom (NYSE: 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,...
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Morgan Stanley Maintains Equal-Weight on Omnicom
Tuesday, July 19, 2011 - 8:24am | 99Morgan Stanley is out with its report today on Omnicom (NYSE: OMC), maintaining Equal-weight. In a note to clients, Morgan Stanley writes, "We remain Equal-weight OMC in the context of our Attractive view of the Media industry. Our $50 target represents ~13x fwd EPS, broadly in-line with large cap...
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Earnings Roundup
Tuesday, July 19, 2011 - 8:01am | 896Harley-Davidson Inc (NYSE: HOG) reported a strong rise in its second-quarter net income and lifted its forecast of shipments for the full year. HOG's quarterly profit increased to $190.6 million, or $0.81 per share, from $71.2 million, or $0.30 per share, in the year-ago quarter. Its revenue...
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UPDATE: Omnicom Group Reports Q2 Profit of $275.1M
Tuesday, July 19, 2011 - 6:39am | 63Omnicom Group Inc (NYSE: OMC) released its results for the second quarter on Tuesday. OMC's quarterly profit surged to $275.1 million, or $0.96 per share, from $243.3 million, or $0.79 per share, in the year-earlier period. Its revenue climbed 14.7% to $3.49 billion. Analysts were expecting...
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J.P. Morgan Comments on Omnicom Group
Monday, July 18, 2011 - 6:18am | 116J.P. Morgan has published a research report on Omnicom Group (NYSE: 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...
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Omnicom Group Earnings Preview: Revenue, Earnings Expected to Fall from Previous Quarter
Friday, July 15, 2011 - 9:55am | 443Now's the time to start prepping for Omnicom Group (NYSE: OMC)! Don't be caught off-guard: The company releases its next round of earnings this Tuesday, July 19, 2011. Wondering what to expect from Omnicom Group's lastest earnings numbers? We thought so. Here's an advanced look at the company's...
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Deutsche Bank Reaffirms Buy Rating on Interpublic Group
Friday, July 15, 2011 - 6:30am | 90“We believe marketing budgets are holding up well despite pockets of weakness geographically, meaning the pieces are still in place for margin restoration at The Interpublic Group of Companies, Inc. (NYSE: IPG), which we continue to favor as the most leveraged way to play a sustained recovery of...
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Deutsche Bank Reiterates $51 Price Target on Omnicom Group
Friday, July 15, 2011 - 6:19am | 82Deutsche Bank is reiterating its $51 PT on shares of Omnicom Group (NYSE: OMC). “Our $51 TP equates to 16x 2011 ‘operating' EPS of $3.14 ($3.22 including the 1Q tax benefits, or +7% vs. the market on 2012 consensus,” Deutsche Bank writes. “Because normalization is back we think the shares should...
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Morgan Stanley Lowers PT On National CineMedia To $19
Thursday, July 14, 2011 - 5:45am | 27Morgan Stanley has lowered the price target on National CineMedia (NASDAQ: NCMI) from $21 to $19 and maintains its Equal-weight rating.
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Ronald G. Garriques Named to Board of Directors of Arbitron Inc.
Wednesday, July 13, 2011 - 7:31am | 123Arbitron Inc. (NYSE: ARB) today announced that Ronald G. Garriques, former President of Dell Inc.'s Communication Solutions Group, has been appointed to the Arbitron Board of Directors, effective Tuesday, July 12, 2011, to serve until the next annual meeting of stockholders. "Ron brings to...
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SPAR Group Signs Joint Venture in India
Tuesday, July 12, 2011 - 7:33am | 87SPAR Group, Inc. (NASDAQ: SGRP) today announced the signing of a joint venture agreement with Krognos Integrated Marketing Services Private Limited to expand its operations in India. The new venture, in which SPAR will hold a 51% ownership interest, expects to operate under the name SPAR Krognos...
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Piper Jaffray Reiterates Overweight on MDC Partners
Monday, July 11, 2011 - 6:14am | 117Piper Jaffray is out with its report today on MDC Partners (NASDAQ: MDCA), reiterating Overweight. In a note to clients, Piper Jaffray writes, "Post our travels with CFO David Doft late last week in the Midwest, we remain excited about revenue and margin growth potential, both NT and LT. We expect...
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Morgan Stanley Updates 7/7
Thursday, July 7, 2011 - 8:28am | 216Morgan Stanley made a number of updates in a research report published today. Urban Outfitters Inc. (NASDAQ: URBN) had its rating upgraded from Equal-weight to Overweight. At the same time, its price target was raised from $34.00 to $36.00. On Wednesday, URBN closed the day at $30.75. Its shares...
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Morgan Stanley Downgrades WPP; Shares Drop In Pre-Market
Wednesday, July 6, 2011 - 8:07am | 37Shares of WPP plc (NASDAQ: WPPGY) dipped about 3% in pre-market trading after analysts at Morgan Stanley downgraded WPP from “overweight” to “equal-weight.” WPPGY shares dropped 3.04% to $60.96 in pre-market trading.