Best Idea Update: WPP Remains Attractive at Current Levels; IPG Continues to Execute Well
After meeting with two of the largest ad holding firms, WPP and IPG, we continue to believe that some margin expansion for both remains intact for 2018. In addition, we do expect WPP to return to organic gross revenue growth in 2019 and possibly this year. IPG shares are trading in 3-star territory, and while we removed the name from our Best Ideas list last month (as those shares had appreciated more than 20% since September 2017, compared with S&P 500’s 10%), a pullback on the stock could ...Interpublic Group of Companies is an advertising and marketing services company. The company's segment include: Integrated Agency Networks (IAN) and Constituency Management Group (CMG). Within IAN, the company's agencies provide an array of communications and marketing services, each providing a range of solutions for its clients. In addition, the company's domestic integrated agencies provide a range of advertising, marketing communications services and/or marketing services and partner with its operating divisions as needed. CMG provides clients with services, including public relations, meeting and event production, sports and entertainment marketing, corporate and brand identity, and marketing consulting.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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