Publicis resumed with a Buy at Goldman Sachs

Goldman Sachs analyst Lisa Yang resumed coverage of Publicis (PUBGY) with a Buy rating and EUR 116.10 price target The recent pull-back on the back of macro concerns is offering a good entry point, and the firm expects shares to re-rate as the company continues its strong execution and delivers organic growth, margins and free cash flow ahead of its peers and above its historical average, the analyst tells investors in a research note.