Report
Ali Mogharabi
EUR 100.00 For Business Accounts Only

IPG Kicked Off 2018 With Strong Organic Revenue Growth; Maintaining $25 FVE; Shares Fairly Valued

IPG reported mixed first-quarter results, mainly due to some losses from its continuing disposition of underperforming agencies. On the top line, IPG's organic growth, with strength in the U.S., was impressive, in our view. With some uptick in marketing spending by IPG’s consumer packaged goods clients, we continue to expect IPG and its peers to meet or exceed their organic revenue growth goals in 2018. Plus, while some data privacy regulatory measures, such as the GDPR, are scheduled to be impl...
Underlying
Interpublic Group of Companies Inc.

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.

Provider
Morningstar
Morningstar

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.

We have operations in 27 countries.

Analysts
Ali Mogharabi

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