Analysts Offer Insights on Services Companies: Charter Communications (NASDAQ: CHTR) and Omnicom Group (NYSE: OMC)

By Jason Carr

Companies in the Services sector have received a lot of coverage today as analysts weigh in on Charter Communications (NASDAQ: CHTR) and Omnicom Group (NYSE: OMC).

Charter Communications (NASDAQ: CHTR)

In a report released yesterday, Amy Yong from Macquarie reiterated a Buy rating on Charter Communications (NASDAQ: CHTR), with a price target of $365. The company’s shares closed yesterday at $328.18.

According to TipRanks.com, Yong is a 4-star analyst with an average return of 10.5% and a 61.5% success rate. Yong covers the Services sector, focusing on stocks such as Liberty Global PLC LiLAC Class A, Live Nation Entertainment, and Madison Square Garden Co.

Currently, the analyst consensus on Charter Communications is Moderate Buy and the average price target is $376.83, representing a 14.8% upside.

In a report released yesterday, SunTrust Robinson also initiated coverage with a Buy rating on the stock with a $380 price target.
Omnicom Group (NYSE: OMC)

In a report released today, Peter Stabler from Wells Fargo reiterated a Hold rating on Omnicom Group (NYSE: OMC). The company’s shares closed yesterday at $83.50.

According to TipRanks.com, Stabler is a 5-star analyst with an average return of 21.9% and a 81.4% success rate. Stabler covers the Technology sector, focusing on stocks such as IAC/InterActiveCorp, Angie’s List Inc, and TripAdvisor Inc.

Currently, the analyst consensus on Omnicom Group is Hold and the average price target is $87.50, representing a 4.8% upside.

In a report issued on April 17, BMO Capital also reiterated a Hold rating on the stock with a $88 price target.

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