WPP : Feedback from roadshow in Paris
>Outperform rating maintained - We organised a roadshow in Paris with WPP (Anthony Hamilton, Investor Relations Director, and Caitlin Holt, Investor Relations Senior Manager). The group indicated that it had not seen a slowdown for the time being but that visibility on 2023 remains very limited. We maintain our Outperform rating on the stock with a target price of 1,200p. We estimate that the group will generate positive organic growth in 2023 (+1.4%) and slightly ou...WPP is a holding company. Through its subsidiaries, Co. is a communications services organization providing national and multinational clients a range of communications services. Co. is organized into four operating segments: Advertising and Media Investment Management; Data Investment Management; Public Relations and Public Affairs; and Branding and Identity, Healthcare and Specialist Communications. This last reportable segment includes WPP Digital and direct, digital, promotional & relationship marketing.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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