Analysts Offer Insights on Services Companies: Interpublic Group of Companies (NYSE: IPG) and Owens & Minor (NYSE: OMI)

By Carrie Williams

Analysts fell to the sidelines weighing in on Interpublic Group of Companies (NYSE: IPG) and Owens & Minor (NYSE: OMI) with neutral ratings,indicating that the experts are neither bullish nor bearish on the stocks.

Interpublic Group of Companies (NYSE: IPG)

In a report released yesterday, John Janedis from Jefferies reiterated a Hold rating on Interpublic Group of Companies (NYSE: IPG), with a price target of $24. The company’s shares closed yesterday at $24.49, close to its 52-week high of $25.71.

According to TipRanks.com, Janedis is a 5-star analyst with an average return of 12.3% and a 68.0% success rate. Janedis covers the Services sector, focusing on stocks such as Live Nation Entertainment, Madison Square Garden Co, and Charter Communications.

Currently, the analyst consensus on Interpublic Group of Companies is Hold and the average price target is $23.92, representing a -2.3% downside.

In a report issued on January 31, Morgan Stanley also maintained a Hold rating on the stock with a $23 price target.
Owens & Minor (NYSE: OMI)

In a report released yesterday, Sean Dodge from Jefferies reiterated a Hold rating on Owens & Minor (NYSE: OMI), with a price target of $16. The company’s shares closed yesterday at $15.33, close to its 52-week low of $14.26.

According to TipRanks.com, Dodge is a 1-star analyst with an average return of -3.5% and a 41.9% success rate. Dodge covers the Services sector, focusing on stocks such as Patterson Companies Inc, Healthcare Services, and Hms Holdings Corp.

Currently, the analyst consensus on Owens & Minor is Hold and the average price target is $15.33, representing a 0.0% upside.

In a report released yesterday, Credit Suisse also upgraded the stock to Hold with a $14 price target.

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