UBS confirms its buy recommendation on the stock and raises its price target to 88 E (from 87 E) following the announcement of Q3 2023 results and a further upward revision of its targets for 2023.

The analyst believes that the Q3 result supports Publicis' strong momentum.

' Following good results in Q3 2023, we present our key guidance and raise our organic growth forecasts to +6% and +4% for FY23-24 respectively' says UBS.

'Organic growth in Q323 exceeded expectations up +5.3% against UBSe at +4.0%. Forecasts for FY23 have been improved'.

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