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Barclays has downgraded WPP's stock rating from Overweight to Equalweight, lowering the price target to £7.80 from £9.75 due to concerns over near-term performance, anticipating a weak first quarter and a negative second quarter. Despite a notable dividend yield of 4.74% and a history of consistent payments, analysts highlighted the potential impact of management changes and historical underperformance during transitions. In contrast, Kepler Cheuvreux upgraded WPP to Buy with a new target of £9.35, citing improving operational performance and favorable market conditions.
RTL Group has revised its annual revenue forecast down from €6.6 billion to €6.3 billion due to ongoing weakness in the TV advertising market and reduced production revenues. The company's stock has suffered significantly, hitting a record low of €23.65 amid these challenges, with analysts downgrading their ratings and target prices. Despite growth in its streaming segment, the overall financial outlook remains bleak as the media conglomerate grapples with a declining advertising business.
Conor O'Shea
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
barclays downgrades wpp stock rating amid concerns over near term performance
07:54 28.02.2025
rtl group faces significant stock decline amid advertising market challenges
20:55 21.11.2024
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