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WPP price target lowered to 395 GBp from 400 GBp at Barclays

Barclays analyst Julien Roch lowered the firm’s price target on WPP (WPP) to 395 GBp from 400 GBp and keeps an Underweight rating on the shares. The firm believes WPP’s new CEO Cindy Rose is likely to increase the company’s investments. Media stocks usually fall when that happens, the analyst tells investors in a research note.

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