BUZZ-WPP hits 16-year low; Morgan Stanley cuts PT

Reuters
07/16
BUZZ-<a href="https://laohu8.com/S/WPP.UK">WPP</a> hits 16-year low; <a href="https://laohu8.com/S/MTK">Morgan Stanley</a> cuts PT

** Shares of ad firm WPP WPP.L fall as much 1.8% to its lowest since July 2009

** MS cut target price by more than 21% to 450p, which is far lower than the median PT of 520p

** Slide comes a day after it inched higher post a media report on a potential deal with Accenture ACN.N

** Currently, two brokerages rate the stock "buy" or higher, 7 "hold", and 5 "sell" - data compiled by LSEG

** As of Tuesday's close, the stock had fallen nearly 50% in 2025

(Reporting by Raechel Thankam Job)

((RaechelThankam.Job@thomsonreuters.com))

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