Merrill Lynch Names Omnicom Top Pick

Merrill Lynch has named Omnicom one of its top investment picks and expects the holding company to trade at a 20 percent premium to the market and set a price objective of $100. Merrill Lynch expects U.S. advertising expenditures to grow 5.8 percent in 2004 with political and Olympic ad spending aiding that growth.

by Steve Hall    Jan-14-04   Click to Comment   

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