BofA analyst Adrien de Saint Hilaire lowered the firm’s price target on WPP (WPP) to $24 from $27 and keeps an Underperform rating on the shares. With ad agencies set to report Q3 results between mid and late October, the firm tells investors that it expects a “cautious message” from WPP as the company “enters yet again a long and potentially disruptive restructuring cycle.” The firm reduced its 2026 and 2027 EPS estimates by 1%-2% on slightly lower organic sales growth, the analyst noted in a preview.
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