Omnicom: BofA upgrades stock

Published: 2025-06-23 08:27:21 ET OMC

Published on 06/23/2025 at 08:27

Bank of America has upgraded Omnicom shares to 'neutral' with a target price maintained at $80, following its four-day participation in the 72nd Cannes Festival of Creativity, the largest trade show dedicated to the advertising industry.After meeting over 50 industry executives at the event, the broker concluded that although there are areas of uncertainty, the agency sector is not as troubled as the (low) valuation multiples suggest.Publicis remains a key pick for buyers. We also came away confident about the growth prospects for Informa, which we recommend as a buy, and the quality of the Cannes Lions event itself, BofA adds.Copyright (c) 2025 CercleFinance.com. All rights reserved.The information and analyses published by Cercle Finance are provided solely as a decision-making aid for investors. Cercle Finance cannot be held liable, directly or indirectly, for the use of such information and analysis by readers. Anyone who is not an expert in the field should consult a professional advisor before investing. This information is provided for informational purposes only and does not constitute an offer to sell or a solicitation to buy.