Wall Street securities firm UBS has upgraded its recommendation for Aegis Group stock to "buy" from "neutral." UBS said the change was due to the fact that Aegis is an "attractive" acquisition target.
Aegis, the parent of Carat, Isobar, Vizeum, Posterscope, and research companies such as MMA, has been the source of takeover speculation from its largest shareholder, Havas Chairman Vincent Bollore,
as well as Publicis Groupe and WPP Group. The UBS upgrade follows a downgrade from ABN Ambro, which lowered Aegis shares to a "hold" from a "buy" recommendation. -- Joe Mandese