Wall Street Lowers Target For Havas

  • January 6, 2006
Wall Street securities firm UBS Friday lowered its target price for shares of Paris-based agency holding company Havas to $4.60 from $4.84. Havas is expected to announce a restructuring plan soon. The company denied reports this week that chairman Vincent Bollore offered the company's now vacant CEO post to its top media executive, Media Planning Group CEO Fernando Rodés Vilá, but insiders tell MDN it is true, though Rodés Vilá may turn the offer down. In addition to MPG, Havas operates creative shops such as Arnold Worldwide, and Euro RSCG. -- Joe Mandese
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