Deutsche Bank upgraded WPP to Buy from Hold saying the stock "looks too cheap." Just delivering on guidance will be enough to re-rate shares higher given the current low expectations, Deutsche Bank says in a research note.
BofA/Merrill analyst Adrien de Saint Hilaire upgraded WPP to Neutral citing valuation and reduced topline risks.
Pivotal Research analyst Brian Wieser upgraded WPP to Buy while lowering his price target for the shares to 1030p from 1060p. The analyst sees a "compelling value" with today's 20% stock decline following the company's "weak" Q3 results and 2018 outlook.