Interpublic Group Rated ‘Outperform’ (IPG)

Interpublic Group of Companies Inc. IPG presented its outlook report at William Blair & Company’s 30th Annual Growth Stock Conference. The company highlighted that it is on track to achieve its target 2010 operating margin of 8%. Interpublic Group (IPG) also showed improved results during the first quarter of the year on account of broad client sector participation. The company also noted that it has not seen incremental deterioration in its European business as a result of the region’s recent macroeconomic issues. The stock is currently attractively valued at 7.1 times 2010 EBITDA estimates. William Blair & Co. has conferred an ‘Outperform’ rating on the stock. The Interpublic Group of Companies, Inc. (IPG) is a global advertising and marketing services company.