Omnicom Group Inc

OMC: XNYS (USA)
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Morningstar Rating for Stocks Fair Value Economic Moat Capital Allocation
$443.00MqymtzWtxdskqx

Omnicom Earnings: Flywheel Integration and Advertising Drive Solid Growth

Omnicom posted a solid start to 2024 as first-quarter revenue and profitability met our expectations. The integration of Flywheel has bolstered the precision marketing offering. We appreciate Omnicom’s efforts to extend its service offerings, with the acquisition of Flywheel providing clients with support through e-commerce purchasing. We are maintaining our $108 fair value estimate and narrow moat rating and view the shares as modestly undervalued.

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