Omnicom Group (OMC) – Bull of the Day
Source: http://www.zacks.com/commentary/10008/Omnicom+Group+%28OMC%29+-+Bull+of+the+DayPosted on Tuesday, February 10th, 2009 | In Stocks to Watch
Contributed by: Zacks Market Commentaries (http://www.zacks.com/) -
Omnicom Group (OMC) continues to generate new business wins, despite the current challenging economic environment. In addition, management has acquired complementary companies that either serve or have the ability to serve the existing client base through the extension of the company’s platform of services.
In reaction to the current economic challenges, management has taken the appropriate actions of aligning the company’s cost structure for 2009 revenue expectations by right-sizing headcount and reducing compensation pools.
The rating for the shares of Omnicom Group has been raised to a Buy due to attractive valuation.
“OMC” Free Stock Analysis: Buy? Sell? Hold?
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