Omnicom Group (NYSE:OMC) Price Target Raised to $90.00 at Barclays

Barclays has raised its price target for Omnicom Group (NYSE:OMC) from $82.00 to $90.00, maintaining an “equal weight” rating and suggesting an 11.19% potential upside. This adjustment comes amidst mixed analyst recommendations, with a consensus “Hold” rating and an average price target of $95.00 for the company. Omnicom Group recently announced a $5.00 billion stock repurchase plan, signaling the board’s belief that shares are undervalued, despite missing its recent quarterly EPS estimate.